Kathmandu, Jan 1 (IANS) Nepal received over 1.15 million foreign tourists in 2025, a slight rise compared to 2024, the Nepal Tourism Board (NTB) said on Thursday. The Himalayan country welcomed 1,158,459 foreign tourists in 2025, compared to 1,147,548 in 2024, registering an increase of just one per cent, according to the NTB.Despite the marginal rise in foreign tourist arrivals, the recovery failed to match pre-Covid levels. Nepal had welcomed 1,197,191 foreign tourists in 2019, before the pand…
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Mumbai, Dec 26 (IANS) India’s foreign exchange reserves rose sharply by $4.36 billion to $693.32 billion for the week ending December 19, according to data released by Reserve Bank of India (RBI) on Friday. The increase reflects the central bank’s efforts to manage liquidity and maintain stability in the foreign exchange market.The RBI said it closely tracks developments in the forex market and steps in whenever required to ensure orderly trading conditions.These interventions are aimed at r…
New Delhi, Dec 25 (IANS) The International Monetary Fund (IMF) has asked the Pakistan government to reduce its spending on incentives given for foreign remittances, a move that has raised concerns among experts about a possible shift of money flows back to informal channels. According to a report by Nikkei Asia, analysts fear that cutting these incentives could weaken official banking routes and push more remittances towards backstreet networks such as hawala and hundi.The IMF’s recommendation…
New Delhi, Dec 23 (IANS) India and New Zealand have concluded negotiations on the Financial Services Annex of the Free Trade Agreement (FTA), marking a significant milestone in strengthening bilateral economic and strategic cooperation, according to a Finance Ministry statement issued on Tuesday.The India-New Zealand Financial Services Annex marks a notable advancement over standard GATS (General Agreement on Trade in Services) commitments, involving a total of 18 articles, the statement explain…