Nepal receives Rs 1200 billion in remittance in 10 months

Nepal received nearly Rs 1200 billion in remittance in the last 10 months of the current fiscal year.

The remittance inflow increased by 19.02 percent as compared to the same period of the last fiscal year. The data released by Nepal Rastra Bank on Monday showed that the country got Rs 1198 billion in remittance till mid-May.

It increased by 23.4 percent in the same period of the last fiscal year.

The review period witnessed the number of labor permits (institutional and individual) for foreign employment at 374, 000, while 237, 000 people sought the labor permit for the second time.