Jakir Hossain

Businesses can now invest up to 20% of their average exports over the previous five years or 25% of their net asset values based on the most recent audited reports, whichever is lower, in foreign markets. The BB has allowed them to spend $59.9 million in foreign markets since 2014. Bangladesh's central bank issued guidelines permitting local businesses to invest in foreign countries, a key step toward capital liberalisation that will increase Bangladesh's export potential and create jobs overseas, on this Wednesday. Investors who wish to conduct business in other countries identified as potential destinations for illegal activities by the Financial Action Task Force, a Paris-based global agency combating money laundering, will be denied permission. If a corporation wishes to acquire or sell a piece of its stock from a foreign company, it must first obtain approval from the BB, after which it must use well-known investment banks or chartered accountant farms to ensure the stock's price.