(Siasat News)Union government on Wednesday permitted investments by Pakistan citizens and companies in India in the sectors other than defence, space and atomic energy.
The government reviewed the policy to boost the trade, bilateral relations and enhance economic cooperation.
Sri Lanka and Bangladesh was removed from the list of Foreign Exchange Management Act (FEMA) in 2006 and 2007 respectively, Pakistan was the only country in the black list.
Foreign Investment Promotion Board (FIPB), headed by the Economic Affairs Secretary in the Finance Ministry will route the investments from Pakistan.
Both countries had agreed to allow one-year multiple entry visas for business visitors.
—-Siasat News