Nepal Prime Minister Pushpa Kamal Dahal ‘Prachanda’ announced that his government will make necessary arrangements to grant vot🔯ing rights to Nepali citizens living abroad.
Over 6,50,000 Nepalis have migrated overseas in 2021 seeking employment🦹, the country’s Department of Foreign Employment said.
“Arrangements will be made to allow Nepalis living abroad to cast their votes,”ꦛ Prime Minister Prachanda said as he addressed a virtual event of the CPN (Maoist Centre) Migration Coordination Committee on Friday.
Prachanda said lakhs of migrant Nepali🐬s will benefit from this move and will exercise their franchise, My Republica newspaper reported.
The Prime Minister 🐠said remittances sent by Nepalis living abroad have boosted the country’s foreign exchange reserves. According to Nepal government estimates, remittances accouꦰnt for about a quarter of the country’s national income. Over the past few years, migration and remittances have played a significant role in the socioeconomic development of Nepal.
In 2021, N🔜epal received NPR 961.05 billion as remittances, constituting over 22 per cent of the country𓆉’s GDP.
"The fact that the remittances received from foreign nationals have reached th🐈e level of 11 months of foreign exchange reserves is itself a sign of economic improvement,” he added.
Nepal’s gross foreign exchange reserves sh👍ot up by an impressive 10 per cent to touch USD 10.50 billion in mid-February, boosted mainly by remittances from abroad, Nepal’s central ba🔯nk said last month.
(With PTI inputs)
