Kathmandu, Nov. 1 -- Nepal's foreign direct investment (FDI) commitments surged by 113.42 percent in the first quarter of the current fiscal year, but officials warn that the violent Gen Z protests in September could significantly dampen investor sentiment in the months ahead.

According to the Department of Industry, Nepal received FDI commitments worth Rs35.13 billion for 15,826 projects in the first three months of the current fiscal year that ended in mid-October, up from Rs16.46 billion for 7,733 projects during the same period last fiscal year.

Officials said the surge mainly came from the first two months. "The commitment in the first two months was exciting-one of the highest in many years," said Prashant Bohara, director at the ...