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The northern border crossing with China at Tatopani has fallen far short of its revenue target in the first four months of the current fiscal year, collecting only Rs 4.28bn.

According to Chief Customs Officer Rajendra Prasad Chundal, the revenue target for Tatopani this fiscal year is Rs 24.47bn, but only 17.52 percent has been achieved so far. He said revenue collection has suffered due to China’s strict restrictions on container movement and frequent road blockages caused by landslides.

The Customs Office reported that revenue collection stood at Rs 859.92m in July, Rs 791.89m in August, Rs 1.43bn in September, and Rs 1.2bn in October. Once a major contributor to the national economy—collecting up to Rs 5bn annually—Tatopani’s revenue sharply declined after the 2015 earthquake.

“Even when the Kerung border was operational, 25 to 30 containers used to enter through Tatopani daily,” Chundal said. “Now, with the border closed, the number of containers entering Tatopani has decreased instead of increasing.” He added that discussions are ongoing with the Chinese Consulate General, Nepal’s Customs Department, the Chief District Officer, and Chinese authorities to facilitate smooth imports. “We are engaging with both governments to ensure uninterrupted imports through Tatopani, which is currently the only option,” he said. “But the results are still not visible. China does not seem interested in sending goods.” According to him, although some goods arrived after Tihar, only a small number of containers have been entering recently.

Business owners say more than 500 containers have been stuck on the Chinese side since before Dashain due to delays in inspections by Nyalam Customs of the Tibet Autonomous Region. Goods shipped as early as mid-July are still held in Tibetan territory. “We are in serious trouble because goods ordered for the festival and winter seasons have not arrived on time. Our investments are at risk,” said local businessman Nawaraj Timilsina. He noted that only 12 to 15 containers have been entering daily on average.

Before Dashain, Nyalam Customs stopped sending containers, citing landslides and safety risks at the Tatopani border. However, traders say Chinese officials are still delaying inspections and dispatches despite clear weather and open roads. Ishwar Gubhaju, General Secretary of the Sindhupalchowk Chamber of Commerce and Industry, said that nearly 1,000 containers are stuck between Khasa and Lhasa.

Tatopani Customs Office information officer Tul Bahadur Pandey confirmed that imports have been decreasing. “The number of containers before Dashain and now is almost the same,” he said. “The low arrival clearly reflects weaknesses on the Chinese side. We have not reduced our inspection capacity or services for traders.”

Businesspeople said that while perishable goods such as apples, grapes, garlic, avocados, and kiwis were cleared before Tihar, electronic items and other merchandise have yet to arrive. Some traders suspect China is deliberately delaying shipments to Nepal, suspecting Nepali traders of supporting pro-Tibet groups.

Chundal said many goods remain stuck in China. “We spoke to Chinese officials after traders complained. They cited traffic congestion due to major construction work on a new city,” he said. Chinese authorities reportedly told them that congestion has intensified because only one lane is functioning.

Tatopani Customs has also reported that Chinese officials will allow electric vehicles to enter Nepal only two days a week, citing reconstruction work in the Khasa market. According to Funu Sherpa, President of the Bhotekoshi Chamber of Commerce, reconstruction in Khasa—including demolition of structures and road expansion—is progressing rapidly. “It appears the reconstruction has sped up, with roads widened by three meters and separate zones being built for private and government structures. Heavy containers and vans are being restricted from entering the main town,” Sherpa said.

Meanwhile, a delegation from the Nepal Truck Transport Entrepreneurs’ Federation met with Bhrigu Dhungana, Joint Secretary at the Ministry of Foreign Affairs’ China Division, and Deputy Secretary Manahari Dangal, urging them to facilitate the entry of more than 300 truck containers stuck across the Kerung River before the construction of a new bridge begins. “They have committed to taking the initiative with the Chinese government,” said Arjun Bahadur Sapkota of the federation.

Chief District Officer Bandhu Prasad Bastola of Sindhupalchowk said discussions are underway with Nepal’s Consulate General in Lhasa and officials in Beijing following repeated complaints from traders. “Local-level Nepal–China officials will hold a coordination meeting in November, during which formal talks on container inspections will be held,” he said.

Sixteen different types of foodstuffs worth Rs 5.89 billion have been imported via Birgunj checkpoint in the first four months of the current fiscal year. It was more by Rs 1.24 billion as compared to corresponding period of the last fiscal year.

Chief of Birjung Customs Office, Bishnu Prasad Gyawali, said maize worth Rs 2.29 billion and paddy worth Rs 2.1 billion were imported during the period. 

Similarly, rice worth Rs 1.6 billion was also imported through Birgunj Checkpoint, he added.

The central bank has continued a cautious flexibility of the monetary policy through its first quarterly review of the current fiscal year. 

Nepal Rastra Bank made public the first quarterly review (monetary) of the fiscal year, 2082/83. It has brought flexible provisions in the monetary scheme. 

The review stated that policy initiatives the government took for an industrial atmosphere with good governance in the wake of Gen Z protest and the monetary facilitation the NRB made are expected to ensure gradual improvement in the national economy.

Nepal got BB minus in the Sovereign Credit Rating (by Fitch Rating) this year as well. 

Although the hotels were damaged during the September 8-9 protests, the government recovered the peace and security situation, thereby assuring the tourism and arrival of tourists, the monetary policy review stated. 

The hydropower production has seen continuous strides in the past three months. Total 309 MW electricity was linked to the national transmission line in the last three months alone. 

The banks and financial institutions have excessive liquidity and low interest rates.

The Nepal Stock Exchange (NEPSE) plunged by 4. 28 points to close at 2, 645. 24 points on Monday. 

Similarly, the sensitive index dropped by 1. 72 points to close at 455. 26 points.

A total of 10,860,828-unit shares of 325 companies were traded for Rs 4. 71 billion.

Meanwhile, Sagar Distillery Limited (SAGAR) and Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) were the top gainers today with their price surging by 10. 00 percent.
Likewise,  Nifra Green Energy Debenture 6% - 2088/89 (NIFRAGED) was the top loser as its price fell by 9. 51 percent.

At the end of the day, the total market capitalization stood at Rs 1. 50 trillion.