Nepal is a developing country with an agricultural and tourism economy. Manufacturing, trade and tourism are the main sources of income for the country. The main sources of foreign currency earnings are tourism, merchandise export and services. The annual Gross Domestic Product( GDP) of Nepal is about US$ 4.3 billion.
Nepal covers an area of 147,181 square kilometers, and stretches 145-241 kilometers north to south and 850 kilometers from west to east. The country is located between India and China in the south and north respectively. Topographically, Nepal can be divided into three regions, the Himalayas, Hills and Terai regions. The tallest mountain in the world, Mount Everest is in Nepal.
Nepal has a bicameral legislature. The lower house, the House of Representatives, consists of 205 members. Members to lower house are elected through adult franchise following a multi-party system of parliamentary democracy. The upper house, the National Assembly, is made up of 60 members who have a six-year tenure in office. One-third of the members retires every two years. Fifteen members are elected by the local government, 35 members by proportional representation, and 10 members are nominated by the King.
Airlines and Travel Agency
As tourism is main element in economic growth of the country. Therefore the speculative growth in Travel Agency and private Airlines are being considered as a backbone of tourism in Nepal.
Nepal, though small and underdeveloped country, it has lot of Air traffic such as Expatriate, Labor traffic, Business travellers, Students etc. At the same time there is massive competition among Airlines’ fares and facility.
PRESIDENT TRAVELS & TOURS (P) LTD. was established in 4 Apr 1977 under the company act 2021 (1964/65) of His Majesty’s Government, Nepal. Within the span of two and half decades President travel has been able to hold the special recognition of its own. It has two sister concerns President International and President Treks and Expedition and General Sales Agent for QANTAS AIRWAYS, GULF AIR, QANTAS HOLIDAYS and EURAIL.