India allows investments from Pakistan

[Ambitious.Asian]

India on Wednesday overturned its ban on foreign investment from neighbouring Pakistan, the commerce ministry said, in a move designed to build goodwill amid a renewed push for a peace settlement. "The government of India has reviewed the policy... and decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India," said a statement from the ministry. A ban on investments in defence, space and atomic energy will remain and all propositions must be notified to the Indian government. The decision to accept foreign direct investment from Pakistan was taken in April this year when the trade ministers of the nuclear-armed South Asian rivals met in New Delhi. They also discussed ways to ease visa curbs on business travel and the possibility of allowing banks from both countries to open cross-border branches. India and Pakistan, which have fought three wars since independence, are channelling their efforts into "trade diplomacy" in a bid to build enough trust to tackle the more troublesome issues that divide them, such as Kashmir. The improved relations between the rivals stem from Pakistan's decision to grant India "Most Favoured Nation (MFN)" status by year end, meaning Indian exports will be treated the same as those from other nations. In further progress, the neighbours opened a second trading gate in April along their heavily militarised border, boosting the number of trucks able to cross daily to 600 from 150.



India allows investments from Pakistan | The Nation

 

[IZVINITE]

Already Posted.

http://www.defence.pk/forums/econom...mally-allows-foreign-investment-pakistan.html

 

[keerthan]

Good news.
but all the investments must be monitored so that no money from unlawfull anti-social elements( like D-gang ) get into india market.

 

[WAQAS119]

ISI should invest heavily in India

 

[Peaceful Civilian]

Trade will benefit both countries.

 

[--,-'{@]

ISI should invest heavily in India

RAW will make sure the investments bring great profit to pakistan

 

[Ambitious.Asian]

ISI should invest heavily in India

ISI should invest in "INDIAN SEWAGE PROJECTS" then it will definately have good results

 

[scorpionx]

More and more trade between two countries, more cultural exchange will build trust and bring us together making the subcontinent peaceful and more powerful. Both the countries have no other options. If both the countries can curb down their defence budgets and channel the money towards infrastructure development we can catch china very soon. Good move by India.
PS: Many members on pdf will lose jobs if this comes true

 

[AnkurPandey]

Good move. Pakistanis will have somewhere to invest their money as Pak economy is crumbling. Will help our economy big time.