Vehicle Registration Ban Risks Millions in Investment, Warns Nepal Chamber of Commerce

ictframe.com · 3 days ago

The Government of Nepal's decision to halt the registration of new public vehicles has raised serious concerns among automobile entrepreneurs, with the Nepal Chamber of Commerce warning of massive financial risks and threats to the broader economy. The Department of Transport Management suspended registrations to implement "scientific management of public transport," but the abrupt implementation has trapped importers with vehicles stuck at customs, in transit, or with pre-approved LCs, potentially leading to bankruptcy and damaging Nepal's international trade credibility.