Gold price increases by Rs 400 per tola on Sunday
The price of gold has increased by Rs 400 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 197, 500 per tola today. It was traded at Rs 197, 100 per tola on Friday.
Similarly, the silver is being traded at Rs 2, 165 per tola today.
Nepal starts selling electricity to Bangladesh
Nepal Electricity Authority (NEA) has resumed exporting 40 megawatts of electricity to Bangladesh through Indian transmission.
Power from Nepal to Bangladesh was exported for the first time for 12 hours on July 15 last year. It has resumed from June 15 of this year.
A power sale agreement had been signed between NEA, Bangladesh Power Development Board and NTPC Vidyut Vyapar Nigam Limited of India last year, which led to export of electricity for only 12 hours last year.
Nepal has been exporting excess electricity during the rainy season to neighboring India for five months every year. This year, starting today, NEA will export electricity to Bangladesh for the next five months, until November 15.
Subarna Sapkota, Deputy Manager of the NEA Electricity System Control Department, shared that 146.88 million units of electricity will be exported in five months.
The government will earn Rs 1.29 billion in five months from the sale of the electricity.
The selling rate of electricity exported under the agreement is 6.40 US cents per unit.
The electricity will reach Bhermara Substation in Bangladesh via Muzaffarpur, Behrampur, India from Nepal's 400 KV Dhalkebar Substation.
Meanwhile, the NEA has continued its electricity exports to neighboring India.
The NEA has also started exporting electricity to the Indian state of Haryana this year.
It had been exporting 185 MW of electricity since June 1, which increased to 200 MW from Saturday.
As per the bilateral agreement between Nepal and India, the selling rate of this electricity export is 5.25 Indian rupees per unit.
Similarly, the NEA has also started exporting 80 MW of electricity to the Indian state of Bihar since 12 last night. In addition, additional electricity is being purchased and sold in the Indian market through the Dhalkebar-Muzaffarpur 400 kV and 132 kV transmission lines.
As the electricity production in Nepal has increased with the onset of the rainy season, the surplus electricity is being exported to India and Bangladesh.
Gold price increases by Rs 4, 200 per tola on Friday
The price of gold has increased by Rs 4, 200 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 197, 100 per tola today. It was traded at Rs 192, 900 per tola on Thursday.
Similarly, the silver is being traded at Rs 2, 165 per tola today.
Pakistan unveils reform-oriented budget
Pakistan’s federal budget for the fiscal year 2025–26, presented by Finance Minister Senator Muhammad Aurangzeb, outlines a comprehensive plan focused on institutional reform, financial discipline, and inclusive economic development. The government has emphasized a shift from short-term responses to long-term strategies aimed at stability and sustainable growth.
Key economic indicators suggest a recovery, with a reported primary surplus of 2.4 percent of GDP and inflation dropping to a two-year low of 4.7 percent. The current account is expected to post a surplus of $1.5bn, reversing a previous deficit. Pakistan has also seen increased international confidence, as reflected in improved credit ratings and rising remittances.
Central to the budget is the transformation of the Federal Board of Revenue (FBR), including the use of AI audits, e-invoicing, and expanded tax compliance efforts. The government reports progress in identifying non-filers, blocking fake refunds, and broadening the tax base. Structural reforms span various sectors, including tariff simplification, energy cost reductions, and reorganization of state-owned enterprises. Debt management measures and pension reforms are also part of the broader fiscal strategy.
The budget introduces targeted tax relief for salaried individuals and mid-sized corporations, alongside incentives for agriculture, SMEs, IT exports, and green economy initiatives. Development spending has been allocated across federal and provincial programs, with a focus on health, education, and social protection. The Benazir Income Support Program (BISP) has seen increased funding, and civil servant salaries and pensions have been adjusted.
Strategic investments have been outlined in agriculture, information technology, climate resilience, and mineral resources. Notably, the Reko Diq mining project is expected to generate substantial economic returns and employment.