In the first 7 months of the current fiscal year, nearly 5 lakh youths have gone abroad for foreign employment. According to the data of the Department of Foreign Employment, the number of new labor permits and renewals of labor permits for foreign employment has reached 482,475.
This year, the number of Nepalese who took new final work permits (institutional and individual) within 7 months has reached 3 lakh 14 thousand 767 people. In the month of January alone, 39 thousand 124 young people have obtained new work permits for foreign employment.
During this period, 1 lakh 67 thousand 708 people flew abroad for foreign employment with re-employment permits, according to the data.
In the month of January, more than 25,000 youth have renewed their work permits. During this period, it seems that the maximum number of 182,000 youth went to work in Malaysia.
This year, the number of people going to work abroad has increased by 130,000 compared to last year. During the same period last year, 3 lakh 52 thousand 423 young people went abroad. The number of people who went abroad with a new work permit was only 2 lakh 102, while the number of Nepalis who got a new work permit was 1 lakh 52 thousand 325.
Remittance income has also increased this year along with the number of people going to work abroad. According to the data of Nepal Rastra Bank, the remittance inflow has increased by 24.3 percent.
In 6 months, remittances equal to 5 trillion 85 billion rupees have been received. In the same period of the previous year, the remittance inflow decreased by 5 percent.
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