AGL 38.99 Decreased By ▼ -0.59 (-1.49%)
AIRLINK 130.30 Decreased By ▼ -0.92 (-0.7%)
BOP 7.13 Increased By ▲ 0.32 (4.7%)
CNERGY 4.63 Decreased By ▼ -0.08 (-1.7%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.06 Decreased By ▼ -0.41 (-0.99%)
DGKC 81.65 Decreased By ▼ -0.44 (-0.54%)
FCCL 32.79 Decreased By ▼ -0.31 (-0.94%)
FFBL 72.32 Decreased By ▼ -0.55 (-0.75%)
FFL 12.39 Increased By ▲ 0.13 (1.06%)
HUBC 109.80 Decreased By ▼ -0.94 (-0.85%)
HUMNL 14.09 Decreased By ▼ -0.42 (-2.89%)
KEL 5.10 Decreased By ▼ -0.09 (-1.73%)
KOSM 7.70 Increased By ▲ 0.09 (1.18%)
MLCF 38.60 Decreased By ▼ -0.30 (-0.77%)
NBP 68.31 Increased By ▲ 4.30 (6.72%)
OGDC 189.86 Decreased By ▼ -2.96 (-1.54%)
PAEL 25.50 Decreased By ▼ -0.18 (-0.7%)
PIBTL 7.44 Increased By ▲ 0.10 (1.36%)
PPL 151.68 Decreased By ▼ -2.39 (-1.55%)
PRL 25.49 Decreased By ▼ -0.34 (-1.32%)
PTC 17.35 Decreased By ▼ -0.46 (-2.58%)
SEARL 81.35 Decreased By ▼ -0.95 (-1.15%)
TELE 7.65 Decreased By ▼ -0.11 (-1.42%)
TOMCL 33.00 Decreased By ▼ -0.46 (-1.37%)
TPLP 8.38 Decreased By ▼ -0.11 (-1.3%)
TREET 16.90 Increased By ▲ 0.28 (1.68%)
TRG 57.52 Increased By ▲ 0.12 (0.21%)
UNITY 28.05 Increased By ▲ 0.54 (1.96%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 10,561 Increased By 56.7 (0.54%)
BR30 31,061 Decreased By -165.4 (-0.53%)
KSE100 98,769 Increased By 688.9 (0.7%)
KSE30 30,806 Increased By 247.1 (0.81%)

India announced a 218-million-dollar economic package Friday to help Nepal's new government rebuild the troubled Himalayan country. "Essentially the package amounts to almost 10 billion Indian rupees or 15 billion Nepali rupees," foreign ministry spokesman Navtej Sarna told a news conference.
This includes a one-time immediate grant of one billion rupees (21.8 million dollars) to Nepal along with a 100 million dollar soft-credit line for infrastructure and development projects "as prioritised" by the Nepalese government, he said. "The idea is to provide aid to Nepal as soon as possible," said Sarna. Annual aid to Nepal would rise from 650 million rupees to 1.5 billion rupees, Sarna added.
New Delhi would also waive outstanding dues for defence purchases by the Nepalese government and exempt goods manufactured in Nepal from a four percent customs tax.
The announcement of the package followed a four-day official visit by Nepal's Prime Minister Girija Prasad Koirala to New Delhi which ended Thursday. Koirala was accompanied by an 18-member delegation on his first foreign trip since taking office in late April after King Gyanendra handed back power to parliament following 14 months of unpopular direct rule.

Copyright Agence France-Presse, 2006

Comments

Comments are closed.