Rs407B in 3 months

Nepal has received Rs407 billion in remittance in the first three months of the current fiscal year, an increase of 11.5% in comparison to the same period last year. This is down from last year’s growth of 25.8% compared to the same period two years ago. Meanwhile, 110,654 Nepali workers have received first-time approvals for foreign employment in the last three months and 59,939 renewed theirs. Exports decreased by 6.1% and imports by 4.2%. The total trade deficit decreased by 4% to Rs352 billion.