Kathmandu, April 26: Machhapuchchhre Bank and Kuwait-based Al Muzaini Exchange inked a memorandum of understanding (MoU) for sending remittance to Nepal from abroad through easier, simpler and more reliable channels.

The Mou signing ceremony was held on Thursday, April 24, in Kuwait.

Chief Executive Officer of Machhapuchhre Bank, Santosh Koirala, and General Manager of Kuwait-based Al Mujaini Exchange, Hugh Renards, exchanged the agreement at an official ceremony held in the presence of Machhapuchhre Bank Chairman Roshan KC.

Charge d"Affaires a.i. of Nepal to Kuwait Sujani Rana presided over the function attended by Non-Resident Nepali Association Kuwait President Ranadhwaj Lama, representatives of non-resident associations, representatives of various Nepali associations based in Kuwait and journalists as well as many Nepalis working in Kuwait. At the same event, the bank released the cover song of the bank.

People's News Monitoring Service.