Global defense trade reached a record breaking $65 billion in 2015. IHS forecasts that the market will increase further to $69 billion in 2016. The Middle East was the largest importing region, with $21.6 billion in deliveries of defense equipment.
A meeting of the Council of Ministers on Wednesday decided to lower the number of ministries from the existing 22 to 18 by approving the 'Nepal Government (Work Division) Regulations, 2083 BS'.