The legislature has formally begun the procedure to import petroleum items from China.
Newly elected Commerce and Supplies Minister Ganesh Man Pun on Saturday said the government was set to import fuel from the China National Petroleum Corporation as the country is reeling under an intense lack of fuel products.
A team containing officials from the Foreign and Commerce ministries and the NOC will leave for Beijing on Sunday or Monday to seal the deal.
This will end the four-decade long imposing business model of the Indian Oil Corporation (IOC) as the fuel supplier to Nepal.
According to Pun, the agreement will pave the way for the state-owned Nepal Oil Corporation as well as private companies to import fuel from China.
China has pledged 1,000 tonnes of petroleum products as subsidy to Nepal before signing the deal. The government plans to import 10,000 tonnes of fuel after the deal as a temporary measure to make the supply situation normal.Follow @gorkhapost
Maldives opposition legislator Ibrahim Mohamed Solih wins presidency
MALE — Maldives opposition legislator Ibrahim Mohamed Solih has beaten incumbent Abdulla Yameen according to provisional results, the country’s Elections Commission says.
Results released by the Elections Commission showed Mr Solih securing 133,808 votes (58.3 percent) compared to the 95,526 for incumbent Abdulla Yameen. The voter turnout was over 88 per cent out of the 262,000-strong electorate.
The Maldives government has acknowledged the opposition’s victory after the vote on Sunday, a surprise defeat for President Abdulla Yameen who was widely expected to win.
There were no other candidates.
Mr Solih had the backing of a united opposition trying to oust Mr Yameen, but struggled for visibility with the electorate, with local media fearful of falling afoul of heavy-handed decrees and reporting restrictions.
“I call on Yameen to respect the will of the people and bring about a peaceful, smooth transfer of power,” Solih said on television, shortly after interim results from the country’s election commission.
“We have won this election with a comfortable majority,” Solih said.Follow @gorkhapost