Economic AffairsAsia News Network

Nepal’s imports hit Rs1 trillion mark in the first half of the fiscal year

The amount that Nepal spent to buy foreign goods in six months is one-fourth of the country’s annual GDP.

Thailand remains the 13th largest food exporter in the world, unchanged from the previous year.

However, he also stressed that the current inflation was a "global phenomenon".

Outbound shipments came to $10.94 billion, surpassing the $10 billion mark for the first time ever, according to Ministry of Trade data.

The IMF said foreign currency reserves in Bangladesh are adequate and not excessive, with the recent peak in reserves to be short-lived.

The remarks came amid growing concerns over a discord in fiscal policies between the government and the central bank.

Across the board, businesses showed a positive hiring outlook for this year, with more job openings and better compensation offered.

This is the second time the GDP rate for 2020-21 has been revised, from an initial 2.3% set in the 2020 annual budget to 3.9% later.

In order to attract investors, Pakistan should adopt strategies to limit exposure to international arbitration.

The report highlighted Hong Kong's edge in the free flow of capital, international connectivity, and the tax structure.