China’s Xizang Vice Chair Zhao calls on Foreign Minister Khanal

Vice Chairman of the People’s Government of the Xizang Autonomous Region of the People’s Republic of China Zhao Peng paid a courtesy call on Foreign Minister Shisir Khanal at the Ministry today.

During the meeting, discussions were held on further strengthening relations and enhancing cooperation between Nepal and the People’s Republic of China, in areas including connectivity, infrastructure development, cross border trade, investment, agriculture, tourism and people-to-people relations, reads a statement issued by MoFA Nepal. 

Views were also exchanged on advancing constructive and forward-looking cooperation in areas such as digital economy, Information and Communication Technology, and hydropower.

Being new does not necessarily mean a complete break from past: PM Shah tells EU reps

Prime Minister Balendra Shah has said that the government is committed to delivering real, visible improvements to daily life of the citizens.

He said so in a joint meeting with the European Union (EU) countries’ ambassadors based in Kathmandu and New Delhi as well as ambassadors of other countries based in Kathmandu.

The meeting took place today at the Office of the Prime Minister and Council of Ministers in Singhadurbar.

PM Shah stated that he fully recognizes the urgency of the present moment and the profound responsibility entrusted to him.

“We are meeting today at a historic juncture in Nepal’s political journey. The recent election results have delivered a clear and decisive mandate for good governance and inclusive economic prosperity. The mandate we have received carries immense hope for our citizens. Our commitment is clear. We are committed to delivering real, visible improvements to daily life of our citizens,” he said on the occasion, according to Deepa Dahal, the Prime Minister’s Press and Research Expert.

Noting that being new does not necessarily mean a complete break from the past, the PM said, “We are fully committed to protecting democratic values and maintaining political stability while ensuring that Nepal’s policy direction remains clear, consistent and predictable.”

The Prime Minister said that at a time when conflicts continue to affect different parts of the world, it is ordinary people who suffer the most, stressing on dialogue, diplomacy and international law should prevail over military confrontation to maintain peace and tranquility.

“Nepal continues to pursue a balanced and pragmatic foreign policy. Our engagement with our neighbors, development partners and friendly countries is guided by the principles of mutual respect, sovereign equality, and shared prosperity. We also hope for an enhanced level of cooperation with the EU member states and all the friendly countries you represent in realizing our national aspiration,” he added.

Stating that the government is committed to good governance and inclusive growth of the country’s economy, he said, “We aim to benefit from global markets to create new opportunities for our people. To attract greater investment, we are streamlining procedures, encouraging innovation, and promoting sustainable development.”

In the joint meeting, the PM also expressed sincere appreciation to all our development partners and friends for their steadfast goodwill and support toward Nepal’s development and prosperity.

“We are eager to deepen our partnership across key sectors, including trade, investment, green energy, climate action and tourism,” PM Shah said. “We deeply value our engagement with each of the friendly countries you represent and look forward to working together in the days ahead. Our Ministry of Foreign Affairs will remain in close contact with all of you,” he added. 

At the meeting, the ambassadors praised Nepal for peacefully conducting the elections.

They also congratulated Prime Minister Shah on reaching the helm of leadership of the new government with a mandate for good governance, economic development and prosperity.

The ambassadors and heads of missions stated that they are ready to collaborate with and promote investments in Nepal in various sectors for its economic growth and prosperity.

 

Nepse plunges by 9. 24 points on Tuesday

The Nepal Stock Exchange (NEPSE) plunged by 9. 24 points to close at 2, 777. 10 points on Tuesday. 

Similarly, the sensitive index dropped by 1. 45 points to close at 474. 29 points.

A total of 11,872,507-unit shares of 342 companies were traded for Rs 1. 58 billion.

Meanwhile, Kalinchock Hydropower Limited (KHPL) was the top gainer today with its price surging by 9. 23 percent.

Likewise,  Super Khudi Hydropower Limited (SKHL) was the top loser as their price fell by 3. 60 percent.

At the end of the day, the total market capitalization stood at Rs 4. 73 trillion.

PM Shah holds joint meeting with EU nations' ambassadors, heads of missions

Prime Minister Balendra Shah held a joint meeting with non-resident ambassadors and heads of missions of countries of the European Union (EU) on Tuesday.

Nepal's priorities, further strengthening bilateral relations and various issues of cooperation were discussed in the meeting held in Singhadurbar this afternoon, the Prime Minister’s Secretariat stated.

Earlier on April 8,Prime Minister Shah held a collective discussion with ambassadors and heads of diplomatic missions of various countries in Nepal.