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ISLAMABAD: The Reserve Bank of India has decided that a person who is citizen of Pakistan, or an entity incorporated in Pakistan, may, with the prior approval of the Foreign Investment Promotion Board of the Government of India, purchase shares and convertible debentures of an Indian company, under Foreign Direct Investment Scheme, subject to relevant terms and conditions.
According to a press release issued by the Indian High Commission here on Friday, such Indian company should not engage in sectors/activities pertaining to defence, space and the atomic energy and sectors/activities prohibited for foreign investment.
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Comments (11) Closed
Aug 25, 2012 07:24pm
A very good move. Will definitely help in bringing the two neighbours closer together.
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Aug 25, 2012 02:15am
i welcome all liberals and seculars to utilise this great opportunity
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Aug 25, 2012 02:01am
Another step to further decline the economy of Pakistan and flow of investment to India by the incompetent Government of Pakistan.
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Aug 25, 2012 01:53am
welcome Pakistan to world of investments
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Aug 25, 2012 01:30am
More money Pakistan will not be able to use.
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Aug 25, 2012 12:43am
The time has come for a huge migration back eastwards, just like the one that took place in 1947. Then pakistan was the promised land. Now that there's nothing left to loot and plunder in here, its about time we turned our attention to the greener pasteurs of Mother India.After all many in pakistan have their roots in India.
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Aug 25, 2012 12:41am
Smart Move
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Aug 24, 2012 10:52pm
I hope that this increased trade and investment opportunities amongst the two sister nations pave the way for a brighter future. A future that is based on regional cooperation instead of raw imprudent belligerence.
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Aug 24, 2012 10:28pm
A Good Step.Every little interdependence guarantees PEACE.
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Aug 24, 2012 08:18pm
Both countries will benefit.Good start.
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Aug 27, 2012 04:27am
Everyone would invest in Indian stock market and Karachi stock exchange would have lower investment....bad move..it should be open on both sides indians should be allowed to invest in KSE as well!!!!
Wrong move!
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