In a move to improve trust between two nuclear powered nations India allowed Foreign Direct Investment(FDI) from Pakistan in India. From now on Pakistani individuals and companies will be allowed to invest in all sectors apart from defence, space and atomic energy.
Pakistan was the only country in the negative list under the Foreign Exchange Management Act(FEMA), which prohibits investing in India.
Pakistan was the only country in the negative list under the Foreign Exchange Management Act(FEMA), which prohibits investing in India.
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