Nepal News Evening Economic Brief – October 24, 2025
Summary
Nepal Rastra Bank implements liquidity-absorption after low loan demand; Nepali AI company Fusemachines lists on NASDAQ; Saudi Arabia abolishes Kafala system aiding Nepali workers; and Hydropower and agricultural trade projects progress in Nepal.
Key Points
- Nepal Rastra Bank increased liquidity absorption due to stalled credit demand despite falling interest rates.
- Nepali AI company Fusemachines, founded by Dr. Sameer Maskey, was listed on NASDAQ under the symbol 'FUSE'.
- Saudi Arabia abolished the 70-year-old Kafala system, providing new labor rights benefits to foreign workers including Nepalis.
- Construction of the 335 MW Humla Karnali II Hydropower Project has begun in Humla district, with EIA underway.
- Parbat district earned over Rs 653 million from agricultural trade in fiscal year 2024/25, including crops like potatoes and oranges.
