npl977 >
NE
Economy / Banking
ICT Frame | Tech News, Reviews & Digital Updates from Nepal Khabarhub Fiscal Nepal
3 sources · 4 articles
Started 1 day ago · Updated 10 hours ago

Foreign Investors Repatriate Rs 5.72 Billion in Dividends from Nepal, Nearly Double Last Year

Photo · www.fiscalnepal.com

Foreign investors repatriated NPR 5.72 billion from Nepal in dividends and investment returns by the end of Falgun in the current fiscal year, a significant increase from NPR 2.98 billion in the previous year. Despite this rise in profit repatriation, Nepal recorded a 27.9 percent increase in Foreign Direct Investment (FDI) inflow, reaching NPR 10.84 billion by Falgun 2082.

  • The amount repatriated this year has nearly doubled compared to the previous fiscal year.
  • The increase in profit repatriation has led to a 6.9 percent decline in Nepal's net foreign investment position, falling to NPR 5.11 billion.
  • Despite higher outflows, total FDI inflow increased by 27.9 percent, reaching NPR 10.84 billion by Falgun 2082.
  • The Economic Survey 2082/83 provided the data on dividend repatriation and FDI inflows.

Timeline (4)

Share ↗
Related
Nepal

More in Economy

See all ›
Government Finalizes Fiscal Year 2083/84 Budget with Focus on Economic Reform and Private Sector Growth Government Finalizes Fiscal Year 2083/84 Budget with Focus on Economic Reform and Private Sector Growth

The Nepali government is finalizing the budget for fiscal year 2083/84, set to be presented by Jestha 15, with a strong emphasis on fostering a private sector-friendly investment environment and implementing economic reforms. Key policy priorities include reducing acquisition and tax-related hurdles, enhancing the one-door service system, and increasing investment in industrial infrastructure to lower costs. The Finance Minister has described the upcoming budget as the commencement of a new, transformative phase of economic reform.

4 articles · 3 hours ago
Experts Advocate for Tax System Reforms Amidst Economic Challenges Experts Advocate for Tax System Reforms Amidst Economic Challenges

Economists and policy experts are urging for significant structural reforms to create a fairer tax system in Nepal, citing concerns over rising inequality and inadequate public services. These calls come ahead of the government's budget presentation, with a recent study highlighting the need for a more progressive and equitable taxation approach to address income and wealth disparities.

3 articles · 3 hours ago
Zydin Biotech Exports Anticancer Medicine Raw Materials from Nepal to India Zydin Biotech Exports Anticancer Medicine Raw Materials from Nepal to India

Zydin Biotech, a pharmaceutical company in Bharatpur, Chitwan, has begun exporting raw materials for anticancer medicines, including paclitaxel and docetaxel, to India. The company's chairman, Dr. G Narayan Bahadur Chhetri, stated that the factory, established as a joint venture, utilizes advanced equipment for production.

4 articles · 4 hours ago
Nepal Faces Financial Scrutiny: APG Warns of Blacklist Risk Amidst Weak Progress Nepal Faces Financial Scrutiny: APG Warns of Blacklist Risk Amidst Weak Progress

Nepal is under pressure from the Asia/Pacific Group on Money Laundering (APG) to improve its anti-money laundering efforts or risk being moved from the grey list to the more damaging blacklist. An APG delegation met with senior Nepali officials, noting that while some progress has been made, implementation of required actions remains uneven and reporting is weak. The watchdog is scrutinizing various sectors including banking, cooperatives, real estate, and tax evasion.

5 articles · 4 hours ago