Kathmandu, June 20 -- The central bank will provide the required foreign currency exchange for information and technology companies to make foreign investments in IT-related sectors or industries within the limits of their paid-up capital, according to a new legal arrangement.

According to the Foreign Investment and Foreign Loan Management Bylaw, 2021, amended by the Nepal Rastra Bank on Thursday, the Nepali IT sector needs to have earned foreign currency by exporting information and technology related services in the past three fiscal years to enjoy the facility.

The government, in the budget for the upcoming fiscal year 2025-26, has announced to allow Nepali companies to invest abroad, marking a significant policy shift towards global...