Nepal News Evening Economic Brief – March 02, 2026
Summary
Nepal Rastra Bank mandates banks to operate during holidays; Middle East conflict impacts global oil prices and international flights; Nepal sees high Holi colors import and rising mango production in Madhesh Province.
Key Points
- Nepal Rastra Bank directs banks to operate during public holidays to support election-related financial transactions.
- Labor permits for Middle East countries suspended amid escalating regional conflict, affecting over 1.7 million Nepali workers.
- Nepal imports 251.97 metric tons of Holi festival colors valued at Rs 156.1 million, largely from India, China, and other countries.
- Mango production in Madhesh Province is expected to triple this year, significantly boosting local agriculture.
- Karnali Province allocates Rs 156.6 million for critical local road and bridge infrastructure projects.
