For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Now Indian firms can invest in Pakistan: RBI

|
Now Indian firms can invest in Pakistan: RBI
The Reserve Bank of India said in the notification that the Indian firms can invest in Pakistan under the approval route.
 

Earlier, India opened doors for Pakistan to invest in all Indian sectors apart from defence, space and atomic energy.

"It has now been decided that the overseas direct investment by Indian parties in Pakistan shall henceforth be considered under the approval route," RBI said in a notification.

"Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security), Regulations, 2004 are being issued separately," the RBI said.

Indian External Affairs Minister S M Krishna concluded three-day meet in Pakistan on positive note.

GoodReturns.in

Read more about: rbi pakistan
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more