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Nepal extends ban on import of 10 types of goods to save forex
TIWN
TIWN
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Kathmandu, Jul 18 (TIWN): The Nepali government is extending a complete ban on the import of 10 types of products till the end of August, as the country still struggles against a dwindling foreign exchange reserve.
As per the notice published in Nepal Gazette on Sunday, mobile phones priced over 300 US dollars and motorcycles with an engine capacity of over 150 cc shall be barred entry till August 30, along with liquor, tobacco products, diamond, color TV sets larger than 32 inches, jeeps, cars and vans, dolls, playing cards and snacks. The ban, first imposed in late April, should have run till mid-July, when the current fiscal year ended, xinhua news agency reported.
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