FDI from Pakistan to India

[Bhadra]

Re: Now, Pakistanis can invest in India

Pakistan should invest in DRDO, ISRO and BARC etc as Indian Defence requirement is multiplying by hundreds every month.

They can also invest in Uranium enrichments and earn good money.

 

[sob]

Re: Now, Pakistanis can invest in India

Indian move to allow Pak FDI will destroy our economy: Hafiz Saeed | Firstpost

Leaders of religious and extremist groups, including JuD chief Hafiz Saeed, have strongly reacted to India's decision to allow investments by Pakistanis, claiming that the move is part of a plan to destabilise Pakistan.

Saeed called on "patriotic citizens and businessmen not to fall into the Indian trap."He claimed Pakistanis would reject the Indian offer as they would prefer to invest in their own country, and warned the PPP-led government against giving Most Favoured Nation-status to India.

Jamaat-e-Islami chief Munawar Hasan said: "India is continuously trying to weaken Pakistan under a plan. Its water aggression against our country is going on as it has built 62 dams over Pakistani rivers and is denying this country its due share of water."

Hasan alleged that India wants to convert Pakistan into a desert and destroy its industries, agriculture and economy to make Pakistan totally dependent on it.He said the energy crisis had been "created" to compel industrialists to move their capital abroad.

Almost 40 percent of Pakistan's industry had already shifted to Bangladesh and the rest could be tempted by the Indian offer, Hasan claimed.

 

[Raj30]

Post FDI, Pak allows two banks to open branches in India | Firstpost

Following India's move to allow investments from the neighbouring country, Pakistan's central bank has allowed two banks to open branches in India as part of efforts to normalise economic and trade relations between the two countries.

State Bank of Pakistan (SBP) Governor Yasin Anwar told the media that the National Bank of Pakistan and the United Bank Ltd had been given the "green signal" to operate in India.

Anwar's remarks came in the wake of India's decision to allow investments by Pakistanis in all sectors except defence, space and atomic energy. He said the Reserve Bank of India had been informed of SBP's decision of allowing the Pakistani banks to explore opportunities in India.

In a major decision, India on Wednesday allowed investment from Pakistan.Reuters
In a major decision, India on Wednesday allowed investment from Pakistan paving way for Islamabad to normalise bilateral economic ties by implementing much-delayed Most Favoured Nation (MFN) status for New Delhi.

India's move to allow Pakistani investments has been welcomed by businessmen on both sides of the border. Earlier this year, Pakistan switched over to a negative list regime for trade with India, paving the way for giving the Most Favoured Nation-status to the neighbouring country.

However, recent reports have indicated that Pakistan has decided to link progress in normalising trade relations to the resolution of other issues, like the Kashmir issue and the Sir Creek border dispute.

Trade between India and Pakistan is worth a little more than $2 billion dollars and the two sides have agreed to increase it to $6 billion dollars by 2014.