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)

ONGC declares results for Q3, says net profit down by 64 percent Feb 11, 8:01 pm
New Delhi, Feb.11 (ANI): Public sector undertaking Oil and Natural Gas Corporation Limited (ONGC) declared its Quarter Three results here on Thursday after its 278th board meeting.
Full Story
Wipro to acquire US-based HealthPlan Services Feb 11, 7:29 pm
Bangalore, Feb.11 (ANI-Businesswire India): Wipro Limited, a leading global information technology, consulting and business process services company today announced that it has signed a definitive agreement to acquire the U.S.-based HealthPlan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry.
Full Story
IndiaMART launches 'India Ki Khoj' to celebrate spirit of entrepreneurship Feb 11, 5:58 pm
New Delhi, Feb 11 (ANI): IndiaMART, the front-runner of the cause of entrepreneurial fervor in the country, is now set to seal its position as the enabler of business growth with its new brand campaign - 'India ki Khoj'.
Full Story
ASSOCHAM inks MOU with EKO to explore greater business ties in India, Kazakhstan Feb 11, 5:42 pm
New Delhi, Feb 11 (ANI): India's apex industry body ASSOCHAM and East Kazakhstan Oblast (EKO) today have signed a Memorandum of Understanding (MoU) for boosting bilateral trade Investment to facilitate companies both in India and Kazakhstan today.
Full Story
Comments