Nepal's remittance boom is hiding a hiring bust
Nepal, Nov. 3 -- Nepal's migrant workers sent home a record Rs2.363 trillion in FY 2025/26, up 37.1 percent. Yet since the Iran war began on February 28, new approvals for Gulf-bound workers have fallen by more than half. The money keeps coming. The jobs that keep it coming are disappearing.
For many Nepali households, a migrant worker's earnings pay for children's education, parents' healthcare, debts, housing and a cushion against financial shocks. Labour migration has become a privately financed system of household welfare, deeply embedded in Nepal's broader social protection system. That is why the pressure now building matters: Gulf labour-market nationalisation policies that prioritise citizens, and regional instability, including ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.