2021-03-17 06:35:35 GMT2021-03-17 14:35:35(Beijing Time) Xinhua English
KATHMANDU, March 17 (Xinhua) Nepal s import has grown for the first time in more than one and a half years with the economic activities in the Himalayan country having largely normalized along with decreasing COVID-19 cases, Nepal s central bank data showed.
According to the Nepal Rastra Bank data released on Tuesday, Nepal s import grew by 0.01 percent to 6.91 billion U.S. dollars in the first seven months of the current fiscal year 2020-21 that began in mid-July 2020. It is for the first time in 19 months that Nepal saw growth in import.
Before the COVID-19 pandemic, the Nepali government had been taking import control measures such as discouraging loans to buy imported vehicles amid ballooning trade deficit, leading to the decline in import in the early months of fiscal year 2019-20.
Nepal reports growth in import for 1st time in nearly 19 months
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