Gold Reserves May Have To Be Pledged For IOC Oil

Nepal may have to pledge its gold reserves for importing petroleum products, if the Nepal Oil Corporation (NOC) fails to pay dues worth Rs 2.40 billion to Indian Oil Corporation (IOC) by this month-end, the rescheduled deadline. NOC is supposed to clear its import bill by the 15th of each month. The Indian oil supplier is most likely to ask for either a
The Himalayan Times