Weekly Summary
Across the week, Nepal’s Parliament and ministries focused on governance and national priorities, including Swarnim Wagle’s education and health tax plan, efforts to standardize postings through Employee Transfer and Posting Management Guidelines, 2083, and service delivery upgrades such as Communications Minister Timilsina’s Nepal Telecom inspection. Accountability and legal proceedings drove major developments, from the corruption case hearing tied to Teramax procurement involving Mohan Bahadur Basnet and the Nepal Telecom billing system trial involving Sunil Paudel to court scrutiny of Vishnu Prasad Paudel’s habeas corpus petition. Public administration updates and public safety measures also featured prominently, including the government’s claim of over 5,000 passports and 1,000+ licenses delivered to homes in 100 days and the arrest of Inspector Kalpana Gurung over APF School fund embezzlement, while tourism momentum continued with a June rise highlighted by 91,363 foreign visitors in June.
Forex remained relatively stable over the week: USD/NPR moved within 151.34-152.94 (0.86% net change), starting at NPR 151.34 on Jun 28 and ending at NPR 152.64 on Jul 05; other major pairs traded in narrow ranges (CAD 106.59-107.73, AUD 104.41-105.92, GBP 199.81-204.06, JPY 9.35-9.49). Local fine gold showed a uptrend of NPR 7,900 per tola, ending at NPR 290,300; international gold closed near NPR 238,774 per tola; local silver remained uptrend around NPR 4,605; international silver closed near NPR 3,570.
