Mountaineers from around the world travel to Nepal every spring to tackle Everest. AFP
Mountaineers from around the world travel to Nepal every spring to tackle Everest. AFP
Mountaineers from around the world travel to Nepal every spring to tackle Everest. AFP
Mountaineers from around the world travel to Nepal every spring to tackle Everest. AFP

Nepal issues record 463 climbing permits for Mount Everest


Taniya Dutta
  • English
  • Arabic

Nepal has issued 463 climbing permits for Mount Everest for this year’s summit season — the most in its history — despite fears of overcrowding on the world’s tallest mountain that has resulted in deaths in the past.

The Nepal Tourism Board said permits were issued to 367 male and 96 female climbers from 65 countries, including one each from the UAE, to scale Sagarmatha — the Nepalese name for Mount Everest.

The reason given for the record number of permits is the easing of restrictions imposed when the Covid pandemic broke out three years ago.

Mountaineers from around the world travel to the small Himalayan nation every spring to attempt to climb the 8,849-metre mountain which lies between Nepal and Tibet, an autonomous region of China.

Trekking begins in March but hundreds of mountaineers arrive in May, when temperatures are warmer on the highest section of the mountain, usually offering a couple of windows for good weather for climbers to reach the summit.

The climbers along with their Nepalese guides, or Sherpas, spend nearly two weeks hiking to the Everest base camp, which sits at an altitude of almost 5,200 metres.

There, they acclimatise for two weeks while waiting for good weather before continuing on to higher camps en route to the summit.

But the record number of permits this year has raised concerns about adding to overcrowding on the mountain.

Mountain climbers wait in line to stand on the summit of Everest in May 2019. AFP
Mountain climbers wait in line to stand on the summit of Everest in May 2019. AFP

In 2019, when 380 permits were issued, overcrowding caused “traffic jams” on Everest that forced climbers to wait for hours in freezing temperatures to make the summit.

The delay caused their oxygen levels drop, leading to sickness and exhaustion.

At least seven climbers including three Indians died during their descent because of delays caused by long queues as hundreds lined on the route to the mountain top.

Mountaineering in Nepal, home to eight of the 10 highest mountains in the world, has become a lucrative business since Edmund Hillary and Tenzing Norgay made the first ascent of Everest in 1953.

It generates employment for large number of people including guides, hoteliers and restaurateurs and revenue for the government. Each permit costs $11,000.

Three Sherpa climbers died this month after falling into a deep crevasse when an avalanche struck between the mountain's base camp and Camp I.

A search for three Nepali climbers who went missing on Everest this month. Their bodies were later found at the bottom of a crevasse. AFP
A search for three Nepali climbers who went missing on Everest this month. Their bodies were later found at the bottom of a crevasse. AFP
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The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

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The High Court of England and Wales approves the company’s restructuring plan

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The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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Updated: April 27, 2023, 2:41 PM