India permits Pakistanis to invest in financial markets
APP | 25th August, 2012
While investment has been allowed, defence, space and nuclear sectors are restricted from investment. – File photo
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.
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!
A very good move. Will definitely help in bringing the two neighbours closer together.
i welcome all liberals and seculars to utilise this great opportunity
Another step to further decline the economy of Pakistan and flow of investment to India by the incompetent Government of Pakistan.
welcome Pakistan to world of investments
More money Pakistan will not be able to use.
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.
Smart Move
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.
A Good Step.Every little interdependence guarantees PEACE.
Both countries will benefit.Good start.