Sri Lanka, Aug. 4 -- The gazette notification issued to increase the thresholds for local companies to invest overseas and streamlining processes to facilitate cross-border expansion has been approved by the Committee on Public Finance.

The said Order under Section 22 of the Foreign Exchange Act, No. 12 of 2017 Published in the Gazette Extraordinary No. 2441/14 of 18.06.2025 has accordingly been approved during a CoPF meeting chaired by Member of Parliament (Dr.) Harsha de Silva, the Department of Communication of Parliament stated.

Under the new framework, the investment limit for listed companies has been raised from USD 500,000 to USD 750,000 and the limit for unlisted companies has been increased from USD 150,000 to USD 200,000. Com...