Nepal News Evening Economic Brief – December 12, 2025
Summary
Nepal's economic update covers key events including the detention of Prabhu Bank executives by CIB, petroleum pipeline expansion between Nepal and India, delays in timber management in Bara, and progress on the Narayangarh-Butwal road project. Other highlights include Supreme Court rulings on contract employee allowances, damages from Gen Z protests, and financial challenges in health insurance.
Key Points
- The Central Investigation Bureau detained Prabhu Bank executives without NRB's recommendation, raising concerns about regulatory bypass.
- The petroleum pipeline project between Nepal and India enters its second phase, aiming to save Rs 5-6 billion in transportation costs annually.
- The Narayangarh-Butwal Road Expansion Project completed 33 of 34 bridges with 76% physical progress, funded by an ADB loan.
- The Supreme Court ruled that contract employees should receive the same dearness allowance as permanent staff, effective this fiscal year 2025/26.
