Kathmandu, July 2 -- Export revenues from listed products contracted by 17.57 percent year-on-year in the first 11 months of the fiscal year due to the Covid-19 pandemic that triggered worldwide border restrictions and flight suspensions from March.

Shipments of products named in the Nepal Trade Integrated Strategy during the period mid-July to mid-June were valued at Rs17.83 billion, down from Rs21.63 billion during the same period in the previous fiscal.

Sharad Bikram Rana, executive director of the Trade and Export Promotion Centre, said that the plunge in exports was a result of trade restrictions that continued for three months.

Nepal imposed a complete lockdown including border restrictions and flights suspensions since March 24....