17 construction companies blacklisted, public projects banned
-
Media Baaji
- Fri, 17 October 2025
Kathmandu. The government has decided to blacklist 17 construction companies. The Public Procurement Monitoring Office under the Office of the Prime Minister and Council of Ministers issued a public notice on Thursday and said that those companies have been blacklisted for one to two years.
According to the office, according to Section 63 1 of the Public Procurement Act, 2063, those companies have been punished for violating the contract, not completing the work on time or leaving the construction work incomplete. The blacklisted companies will not be able to engage in construction work with any public body until the specified period is completed. As mentioned in the notice, some companies have been banned for one year and some for two years.
Related News
The price of gold decreased, now how much per tola?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by 500 rupees. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has remained at Rs 3 lakh six thousand 200 per tola. Today...
According to experts, microfinance is raising hope at the level of small farmers
Kathmandu. Stakeholders have emphasized on the need to strengthen microfinance to facilitate the financial sector of Nepal. Sana Kisan Development Lagufinance Financial Institution Ltd. The speakers who spoke in...
Hotel Park Land has applied to the Securities and Exchange Board for an IPO issue
Kathmandu. Hotel Park Land Limited has applied to the Securities Board for permission to issue IPO. The company has sought permission from the board to issue a total of 1.5 million shares at a marked rate of Rs 100 per share.
Citizens...
Economic growth is well below target, inflation is improving
Kathmandu. The government has released a new forecast that the economic growth rate of the country will be limited to 3.5 percent, which is much lower than the target. While reviewing the current financial year's budget half-yearly, the government...
NEPSE decreased by 10.53 points today, turnover of 4 billion 77 crores
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 10.53 points and remained at the point of 2622.88. During the day, 1337 thousand 307 shares of 337 companies were bought and sold, and 4 billion 774 million shares were...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 88 paisa and the selling rate is 147 rupees 48 paisa. Similarly,...