KATHMANDU: Import of timber into the country has decreased by 20 per cent following the adoption of a policy to increase production. The Forest Reforms Action Plan, 2075 by the Ministry of Forest and Environment has been successful in increasing production and thereby bringing down import.
In the fiscal year 2074/75, Nepal had imported 975,000 cubic feet of timber from various countries but that has gone down to 786,000 cubic feet in 2075/76. The increase in timber production has led to almost a balance between demand and supply of timber in the country, the Ministry Spokesperson Dr Sindhu Prasad Dhungana said.
By the end of last fiscal year, the country produced 29.9 million cubic feet of timber and grown 30.1 million new saplings. The ministry is also targeting to increase the annual production from 15 million to 100 million through sustainable management of the nearly 6 million hectares of national forest.
Comment here !
KATHMANDU:- Nepal Stock Exchange (NEPSE) index closed all green today, the opening day, of the week that marked the first
KATHMANDU:- Gold has traded at Rs 94,500 per tola (11.66 grams) today. Its price was 94,000 per tola the previous
KATHMANDU:- The government has announced a big waiver on custom tax on the import of sanitary pad and its raw
KATHMANDU:- World’s biggest IT Company in Malaysia is to take Nepali workers on zero cost. At a programme organized here