MOB

NEPAL, PAKISTAN AGREEMENT

Kathmandu, 21 Aug,: Finance Minister Shankar Koirala and his

Pakistani counterpart Ishaq Dar signed a memorandum of understanding (MoU) Tuesday in Islamabad following  two-day talks at the

“Nepal-Pakistan Joint Economic Forum”.

Pakistan has agreed to increase scholarship quota for Nepali students, and

increase investment in Nepal´s agriculture, tourism, civil aviation and telecommunication sectors.

Pakistan has also agreed to provide training to Nepali officials in

postal and health sectors,

Nepal and Pakistan have agreed to promote  investment in

agriculture, tourism, trade, education and health sectors.

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RBB EARN HUGE PROFIT

Kathmandu, 21 Aug.: Rashtriya Banijya Bank (RBB) recorded an operating profit of Rs.795.7 million in the fiscal year 2012/13.

Its operating profit the previous year was only Rs.24.9 million.

The largest commercial bank is wholly owned by government.

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