NPL issues solely in the Courts of RMA and FIs

PM says that while the government is ready to talk with the RMA and FIs on the issue concerning the six month cooling period and others, the government has no authority over RMA and FIs While private business houses, especially those in the construction industry are reportedly facing several problems, because of the Royal Monetary […]

A Questionable Decision

While the rationale behind the central bank’s policy on non-performing loans (NPL), such as the six months cooling period is yet to be known, it has intimidated business entities in the country. For one, it could be a wise decision for the security of the country’s economy after reforms and there could be a good […]

Current foreign reserves stand at about USD 850mn

The government has maintained the constitutional mandate to have foreign reserves sufficient to meet costs of one year’s imports Despite the economy having taken a nose-dive due to the Covid 19 pandemic and foreign reserves depleting, the government has adhered to the constitutional mandate of having foreign reserves that can meet cost of imports for […]