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00:38, 23 August 2014 Saturday
Update: 14:23, 01 August 2012 Wednesday

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India formally allows foreign investment from Pakistan
India formally allows foreign investment from Pakistan
(File Photo)

Pakistani citizens and companies will be allowed to invest in all sectors apart from defence, space and atomic energy, a government statement said.

World Bulletin / News Desk

The Indian government on Wednesday formally allowed foreign direct investment (FDI) from Pakistan, the latest in a series of confidence building measures to build trust between the two nuclear-armed neighbours.

Pakistani citizens and companies will be allowed to invest in all sectors apart from defence, space and atomic energy, a government statement said. The move to allow FDI from Pakistan had been announced by India's trade minister earlier this year.

India and Pakistan have fought three wars since they broke from British colonial rule in 1947.



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