Promising to resign if he fails to simplify the investment process, Expatriates’ Welfare Minister Nurul Islam has called on Bangladeshi expatriates living abroad to invest in the motherland.
In a sign that nos-resident Bangladeshis (NRB) were being wooed into taking a bigger financial stake in the country, the government yesterday awarded Commercially Important Person (CIP) status to 10 non-resident Bangladeshis.
Speaking to journalists at his office at the Ministry of Expatriates’ Welfare and Overseas Employment yesterday, Nurul assured would-be foreign investors of Bangladeshi origin that the process would be made hassle-free.
The government yesterday recognised ten Non- Resident Bangladeshis (NRBs) as Commercially Important Person (CIP) for their contribution to the country’s economy by sending remittances in 2014.
Expatriates Ministry Seceretary Khandaker Md Iftekhar Haider said that due to inadequate application only 10 NRBs are recognised CIP instead of 25.