India allows FDI from Pakistan

   May 2, 6:09 pm

New Delhi, May 2 (Xinhua-ANI): India on Wednesday said that it would allow foreign direct investment ( FDI) from Pakistan in a bid to increase economic engagement between the two countries.

"The move is expected to enhance commercial engagement and bilateral trade between India and Pakistan," Indian Commerce Minister Anand Sharma told Parliament.

The minister said that it was agreed during talks between the two countries that impediments should be removed to facilitate bilateral investments.

"A greater degree of bilateral investment could strengthen exports from Pakistan . Exports in sectors such as agriculture produce, chemicals, textiles, auto components could be enhanced through bilateral investment," Sharma said.

Currently, bilateral trade between the two countries stand at 2. 7 billion U.S. dollars. (Xinhua-ANI)

Kashmir flood victims demand compensation for losses Oct 23, 11:35 am
Rajouri, Oct 23 (ANI): The people, mostly shepherds, have demanded compensation from the government for the losses incurred by them because of the devastating floods in Jammu and Kashmir.
Full Story
Swamy dubs shutdown called by separatists in J-K as anti-national act Oct 23, 11:35 am
New Delhi, Oct. 23 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Thursday described the shutdown called by Kashmiri separatist groups to protest against Prime Minister Narendra Modi's visit as an anti-national act and called for strong action against such elements.
Full Story
Separatists call for shutdown in Kashmir to protest PM Modi's visit Oct 23, 11:35 am
Srinagar (Jammu and Kashmir), Oct.23 (ANI): Separatists in Jammu and Kashmir have called for a complete shutdown on Thursday to protest Prime Minister Narendra Modi's visit to the state on the eve of Diwali.
Full Story
PM Modi greets nation on Diwali Oct 23, 9:47 am
New Delhi, Oct 23 (ANI): Prime Minister Narendra Modi, who left for Siachen earlier today to spend Diwali with soldiers and flood-affected victims of Kashmir, has greeted the nation on the festive occasion.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY