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The Plant Quarantine and Pest Management Center Quarantine Office Kakarbhitta has shared that agricultural produce worth Rs 17.73 billion has been exported via the Kakarbhitta border point in the eight months of the current fiscal year.

According to the Information Officer of the Office, Chandreshwar Thakur, cardamom, tea, ply and veneer, ginger, broom grass (Amliso) are among the main items exported.

During the eight months, the highest amount of export goods is tea worth Rs 8.20 billion, cardamom worth Rs 5.24 billion, ply and veneer worth Rs 2.73 billion have been exported.

Similarly, according to the office statistics, ginger worth Rs 260 million, broom grass worth Rs 760 million, cabbage worth Rs 80 million, herbs worth Rs 40 million lentils worth Rs 40 million have been exported.

According to Information Officer Thakur, agricultural goods worth Rs 2.44 billion have been imported from the Eastern border during the same period. The main crops are maize, wheat, barley, oats, rye, barley, hemp and potatoes.

According to the data shared by the Quarantine Office, millet worth Rs 131 million, rice Rs 49 million and fresh vegetables worth Rs 288 million have been imported.

Similarly, fresh fruits worth Rs 263 million, garlic worth Rs 644 million and potatoes worth Rs 37 million have been imported.

Nepal’s economy is projected to grow 4.5 percent in FY25, up from 3.9 percent in FY24, despite significant natural disasters in late 2024. Growth is expected to be driven by increased domestic trade, hydropower generation and paddy production, according to the World Bank’s latest Nepal Development Update: Leveraging Resilience and Implementing Reforms for Boosting Economic Growth, released on Thursday.

The report also forecasts that Nepal’s economy will grow at an average annual rate of 5.4 percent in FY26 and FY27, driven largely by the services sector.

“Boosting private sector-led economic growth is critical to creating the jobs that Nepal needs. To achieve this, Nepal can build on its impressive track record of resilient growth backed by implementing key structural reforms,” said David Sislen, World Bank Country Division Director for Maldives, Nepal, and Sri Lanka.

The report highlights downside risks to the economic outlook, including geopolitical and trade-related uncertainty. It also points to the potential further deterioration of asset quality in Nepal’s financial sector, the risk of policy inconsistency arising from frequent bureaucratic changes in the government, and delays in the execution of the capital expenditure budget.

“The Nepal Development Update provides valuable insights on recent economic developments and highlights Nepal’s resilient growth. Boosting growth further to meet the country’s 16th Plan targets requires effective execution of the capital budget and timely completion of ongoing projects,” said the Vice-chairperson of the National Planning Commission, Shiva Raj Adhikari. The Nepal Development Update, produced biannually, offers a comprehensive analysis of key economic developments over the past year, placing them within a long-term global context.

The price of gold has dropped by Rs 3, 900 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers' Association, the gold is being traded at Rs 176, 400 per tola today. It was traded at Rs 180, 300 per tola on Thursday.

Similarly, the silver is being traded at Rs 1, 870 per tola today.

The Nepal Stock Exchange (NEPSE) gained 3. 35 points to close at 2,703.39 points on Thursday.

Similarly, the sensitive index surged by 2. 30 points to close at 450. 08 points.

A total of 15,502,998-unit shares of 324 companies were traded for Rs 7. 84 billion.

Meanwhile, Green Ventures Limited (GVL) was the top gainer today, with its price surging by 9. 99 percent.

Likewise, Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) was the top loser as its price fell by 7.85 percent.

At the end of the day, total market capitalization stood at Rs 4. 48 trillion.