Pakistan hints at positive response on FDI issue

   Apr 14, 3:22 pm

New Delhi, Apr 14 (ANI): In response to India's decision to allow foreign direct investment (FDI) from Pakistan, visiting Pakistan Commerce Minister Makhdoom Amin Fahim on Saturday said it was a good initiative and will be taken in a positive manner.

In an interview to ANI, Fahim said: "The way Pakistan and India have started the dialogue process is a very positive sign and we can come closer and resolve our issue s. We will sort out the future plans that can only happen through dialogues. It (Pak FDI in India) is a very good initiative and Pakistan is positive, we will definitely respond positively."

Commerce Minister Anand Sharma, in a bid to improve economic relations between the two countries, had on Friday allowed FDI from Pakistan in India.

Several Pakistani industries and banks have shown their interest in setting up business in India, which would be possible only when a policy decision on allowing cross-border FDI is taken.

At present, India and Pakistan are engaged only in trade of goods, which was liberalised recently. (ANI)

Sri Lanka, China ink 27 agreements to deepen strategic cooperative partnership Sep 17, 2:15 pm
Colombo, Sept.17 (ANI): Sri Lanka and China have signed 27 agreements to further cooperation between the two nations.
Full Story
Study says India's entertainment industry to clock over Rs 227,000 crore by 2018 Sep 16, 5:23 pm
New Delhi, Sept. 16 (ANI): India's entertainment and media sector is expected to grow steadily over the next five years as per CII-PwC's latest report titled India Entertainment and Media Outlook 2014.
Full Story
Axis bank joins ETC implementation plan of road transport and highways ministry Sep 16, 5:00 pm
New Delhi, Sept.16 (ANI): Indian Highways Management Company Limited (IHMCL), an NHAI promoted company and Axis Bank have signed an agreement for the provision of Central Clearing House (CCH) services and sale of FASTag, for the Electronic Toll Collection (ETC) at the Toll Plazas on the National Highways.
Full Story
OECD says slow eurozone holding back global economy Sep 16, 4:45 pm
London, Sep 16 (ANI): The Organisation for Economic Co-operation and Development (OECD) says that a slow recovery among countries using the euro is a factor hindering global economy.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY