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Panama Papers: 7 shareholders from Nepal

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KATHMANDU — The International Consortium of Investigative Journalists (ICIJ’s) website on Panama Papers leak has suggested that there are seven shareholders from Nepal who have been linked to the conceivable tax avoidance. However, the website has not revealed their names yet.

ICIJ, in association with the German newspaper Süddeutsche Zeitung and more than 100 other news organisations around the globe, on Sunday published more than 11.5 million internal files of the Panama based law firm Mossack Fonseca, revealing details of hundreds of thousands of clients.

According to ICIJ, a philanthropic organization based in Washington, as many as 72 world leaders including Russian President Vladimir Putin, Pakistani Prime Minister Nawaz Sharif, Bollywood actor Amitabh Bachchan and actress Aishwarya Rai Bachchan have hidden their assets in the offshore companies.

Similarly, Iceland’s Prime Minister Sigmundur Gunnlaugsson, Saudi Arabian king are also on the list.

The leak includes nearly 40 years of data, from 1977 through the end of 2015. ICIJ has said it will release the full list of companies and people linked to them in early May.

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NAC aims to bring more tourists

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KATHMANDU — Nepal Airlines Corporation (NAC) — the national flag carrier which bought two wide-body aircrafts — is exploring new destinations in Europe, North America and South East Asia to bring in more tourists to the country.

The NAC, with the new destinations, expects to increase its business and carry 400,000 tourists on board the NAC planes to Nepal every year.

The NAC’s move is expected to serve largely for the government’s announcement to mark 2020 as Nepal Visit Year.

The NAC is also planning to procure narrow-body planes that would make regional flights while the wide-body planes would fly to the new international destinations.

For the new destinations, the NAC has appointed issue manager.

With the agreement, the NAC planes would make flights to 14 destinations in a week. If things go as planned, the NAC planes would fly to Narita and Tokyo in Japan, easing the tourists visiting Nepal from there.

After getting approval from Japan and South Korea for flights, the inclusion in the significant safety concern list by the EU to Nepal would remove automatically while the flights to South Korea shall open up the golden door for Nepal Airlines.

South Korea is regarded as the safest country in the world in terms of civil aviation. Likewise, the ICAO has already removed Nepal from its blacklist.

Furthermore, the NAC is preparing to operate flights to bring in tourists from Sri Lanka, Pakistan, Indonesia and Vietnam.

Similarly, Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has directed the NAC for announcing new business plans by targeting the Indian and Chinese tourists, realizing the crucial role of the national flag carrier to make the Nepal Visit Year 2020 a success.

“Top priority has been given to the NAC as it is the major basis to bring in tourists,” Minister Adhikari shared.

Likewise, Minister Adhikari shared that expansion of services and facilities of the Tribhuvan International Airport has been prioritized.

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