Rabab

The central bank published guidelines on Wednesday permitting domestic enterprises to invest in foreign countries, a major step toward capital liberalisation that will increase Bangladesh's export potential and create jobs abroad. Bangladesh Bank, the country's central bank, has permitted local businesses to spend roughly $60 million in global markets since 2014. If a corporation wants to sell or purchase stock from a foreign company, it must first obtain approval from the Bangladesh Bank and then hire a broker. Local Bangladeshi enterprises can now invest up to 20% of their average exports over the preceding five years or 25% of their net asset values based on the most recent audited reports, whichever is lower.