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The Nepal Stock Exchange (NEPSE) gained 14. 22 points to close at 1, 873. 11 points on Tuesday. Similarly, the sensitive index plunged by 2.68 points to close at 366. 65 points. Meanwhile, a total of 3,022,052 unit shares of 257 companies were traded for Rs 93 billion. Meanwhile, Adhikhola Laghubitta Bittiya Sanstha Limited and Srijhansil Laghubitta Bittiya Sanstha Limited were the top gainers today, with their price surging by 10. 00 percent. Sunrise Bluechip Fund was the top loser as its price fell by 4.67 percent. At the end of the day, total market capitalization stood at Rs 2. 70 trillion.

The price of gold has dropped by Rs 100 per tola in the domestic market on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 100, 400 per tola today. It was traded at Rs 100, 500 per tola on Monday. Meanwhile, tejabi gold is being traded at Rs 99, 900 per tola today. Similarly, the price of silver has dropped by Rs 5 and is being traded at Rs 1, 375 per tola.

Nepal and Bangladesh enjoy cordial and multi-faceted ties. The two countries formally entered the bilateral relationship in 1972, and over the years they have cooperated in many areas. Currently, they are working to expand their ties with a key focus on connectivity, trade, and energy, among other areas. In this context, Kamal Dev Bhattarai of ApEx talks to the Ambassador of Bangladesh to Nepal, Salahuddin Noman Chowdhury. How do you evaluate the current state of the Nepal-Bangladesh relationship? I think the relationship is most cordial. We have great warmth, confidence, and appreciation for each other at leadership and the people-to-people level. Perhaps more than our shared history and civilizational linkages, the similarities in our socio-economic and geopolitical realities have drawn us closer. On most issues, we have a common position. What are the key areas of cooperation between the two countries? The key areas in which our relationship developed over the years are trade, investment, connectivity, tourism as well as cultural and educational cooperation. For decades, Nepal has been the most favorite foreign destination for Bangladeshi travelers. Our attraction is not only for the majestic Himalayas, but also for the warmth and hospitality of Nepali people. In Bangladesh, too, we are developing our tourism sector. Our endeavor will now be to attract Nepali tourists to Bangladeshi tea gardens, mangrove forests, sea-beaches and archaeological sites. Education sector cooperation is one of the main pillars of our relationship. Many Nepali students are currently studying in Bangladeshi medical colleges. I firmly believe that such cooperation in the public and private sector will have a long-lasting impact in strengthening our bonds. However, the warmth in our relationship could not be translated into meaningful trade between the two countries. Being smaller economies with resource constraints and lower level of social development, I think, our initial efforts for industrialization and service sector development were geared toward creating market access in western countries. Our economies were also not ready to complement each other at that stage. Now that we are on strong footings of specializations, we see a lot of opportunities for trade amongst ourselves in coming years. Realizing this, we are currently engaged in negotiations for a preferential trade agreement between our two countries. If that materializes, our trade volume will increase significantly. What are the recent initiatives that have been taken to enhance connectivity between the two countries? Last year, we signed a document to facilitate movement of goods through the Rohanpur-Singhabad railway route, along the Bangladesh-India border. This is the second such route for transporting Nepali goods overseas through Bangladesh. We have declared long ago that we will welcome passage of Nepalese cargo through our seaports as a mark of our commitment to regionalism and abiding friendship to the people of Nepal. We are now working under a sub-regional framework called BBIN for goods transport. In future, we also want to connect two more airports to establish seamless connectivity. Using the same platform, we are currently engaged in discussions to import electricity from Nepal to Bangladesh through India. The ultimate goal is to have a dedicated line for transmission of electricity. Could you please shed some light on high-level exchanges between the two countries? We have had exchange of visits at the highest political levels in recent years. Our prime minister came to Nepal twice in her present tenure to attend SAARC and BIMSTEC summits. Our president also visited Nepal in 2019. Last year, Nepali President Bidya Devi Bhandari visited Bangladesh to attend the birth centenary of our father of the nation and the golden jubilee celebrations of our independence. Ministerial visits also take place quite frequently. The future of SAARC is uncertain at the moment. What are your suggestions for the revival of this regional body? There is an overall uncertainty in our situation. We are all facing natural and manmade calamities like environmental degradation, pandemics, wars, recessions, etc. In such a difficult scenario, when doors of cooperation are being shut because of increasing nationalism, we have no option but to work in unison in all multilateral and regional platforms. Unfortunately, some of the prospective platforms, like SAARC, could not function as expected due to political reasons. I think we should de-link politics from trade and development. Only through dialogue can we solve our problems. What are the future prospects of Nepal-Bangladesh relations? Energy cooperation is a very prospective area. Bangladesh is energy hungry while Nepal will soon become energy surplus. That is a perfect scenario for complementing each other’s needs. We are also engaged in discussions on Bangladesh’s possible investment in hydropower projects in Nepal. Also in the area of water sector cooperation, we are willing to work together for a basin-wide management of our water resources for mitigation of floods, augmentation of flow in lean season, and exploiting potentials for generation of hydropower. Agriculture is another area of cooperation, as we have a huge potential to strengthen our food security. We may also have joint ventures in areas of IT, garments and pharmaceuticals in special economic zones that we are building in our countries. Lastly, if we can establish smooth connectivity for movement of goods as well as passengers, our relations will further strengthen and people will enjoy its direct benefits. What do you like most about Nepal? I am enjoying my stay in Nepal thoroughly. Nepal has a very rich cultural heritage. Different communities speak different languages and live in peace, which is exemplary for the world. Moreover, Nepal has a very educated and enlightened civil society, who have emotional attachment for art, culture, literature and their unique architecture. Again, the people of Nepal are most cordial, warm and hospitable toward foreigners. So, not only me, all the foreigners live here very comfortably and happily. I consider myself very lucky to be posted to this beautiful country with beautiful, enlightened, warm and friendly people.

Come early next year, gadget lovers will get to buy flagship models of Samsung, Xiaomi, and iPhone through authorized distributors again. Nepali consumers were deprived of high-end mobile phones after the government enforced import restrictions in April this year. With the government lifting restrictions on the import of smartphones costing over $300, authorized distributors of Samsung, Xiaomi, and iPhone have initiated the process to start importing high-end phones. After the import restrictions were imposed, the flagship models' imports were halted for eight months. While the government had put a ban on importing mobile phones above $300, the flagship models of Samsung, Xiaomi, and iPhone continued to enter the country through the grey market. Now, authorized distributors say the flagship models will hit the market by late January or early February. According to Pranaya Ratna Stapit, Director at Samsung Nepal, Samsung's two flagship series phones - Galaxy Fold 4 and Galaxy S22 will be introduced to the market by mid-January 2023. While the S22 series was introduced early this year in the Nepali market, its imports were discontinued after the import restrictions. The S22 series is Samsung's current flagship model. According to Sanjay Agrawal, Executive Director at Ramesh Corp (Mobile and Consumer Durables), the latest flagship phone from Xiaomi stable will hit the market by February. "The new flagship model, Xiaomi-13 will be introduced by early February," said Agrawal whose company Teledirect Pvt Ltd is the official distributor of Xiaomi and Redmi phones in Nepal, "Note 12 and 13 series of Redmi will also be introduced." While Apple announced the new iPhones on September 7, the iPhone 14 series - the iPhone 14 Pro and iPhone 14 Pro Max- will be officially available in the Nepali market from January. The imports of mobile phones have taken a huge beating in the first four months of the current fiscal year due to import restrictions. With the government imposing import restrictions on mobile phones above $300, the import of mobile phones has declined by a whopping 50.36 percent in the first four months of FY 2022/23. According to the Department of Customs, Nepal imported mobile phones worth Rs 10.10 billion in the first four months of the current fiscal. Such imports stood at Rs 20.35 billion during the same period of the last fiscal year (FY 2021/22). In terms of quantity, mobile phone imports have declined by 71.96 percent this year. Nepal has imported 729,395 units of mobile phones in the current fiscal compared to 2.60 million units in the first four months of the last fiscal year.  Flagship phones to hit the market From Samsung Fold 4 S22 series From Xiaomi Xiaomi 13 From Apple iPhone 14 pro iPhone 14 pro max