Arab Today, arab today india to allow pakistan fdi as ties warm up
Last Updated : GMT 16:19:35
Arab Today, arab today
Arab Today, arab today

India to allow Pakistan FDI as ties warm up

Arab Today, arab today

Arab Today, arab today India to allow Pakistan FDI as ties warm up

New Delhi - Arabstoday

India said on Friday it would soon welcome foreign direct investment (FDI) from Pakistan in a deepening of commercial ties that could help propel a peace process between the nuclear-armed rivals. The announcement by Trade Minister Anand Sharma, flanked by his Pakistani counterpart at a New Delhi news conference, came at the opening of a second trading gate along the nations’ borders on Friday. The checkpost at the India-Pakistan border in Wagah was inaugurated by Indian Home Minister P Chidambaram, in the presence of Chief Minister of Indian Punjab, Parkash Singh Badal and his deputy Sukhbir Singh Badal, Chief Minister of Pakistan’s Punjab Shehbaz Sharif, Pakistan Commerce Minister Makhdoom Amin Fahim and Indian Commerce Minister Anand Sharma. “India has taken an in-principle decision to allow Pakistani FDI (foreign direct investment) in India to deepen our economic engagement,” Sharma said. Visa facilities The trade minister also said a deal to ease visa curbs on business travel between the South Asian neighbours would be ready “soon.” The Pakistani trade minister, Makhdoom Amin Fahim, was in New Delhi for the largest Pakistani commercial fair ever held on Indian soil, showcasing “contemporary” Pakistan’s top jewellery, furniture and clothes designers. Fahim called the opening of the trading post at the Attari-Wagah crossing between Lahore in Pakistan and the northern Indian city of Amritsar a “milestone.” The new trading post will see a four-fold increase in the number of trucks crossing the border daily to around 600. Official two-way trade of $2.6 billion is heavily tilted in India’s favour but unofficial trade is estimated at up to $10 billion. The trading post and Pakistan’s granting of Most Favoured Nation trade status to India, due to come into effect by year end, could nearly triple bilateral trade to $8 billion in two years, Indian industry chamber Assocham says. Huge prospects Former governor of State Bank of Pakistan Ishrat Husain said on Friday he saw huge prospects for bilateral trade with India with both the countries taking steps to allow larger flow of goods. Husain said he hoped that by December Pakistan would remove 1,200 items from the negative list to ensure that all items are traded between the two countries. Husain was talking to reporters on the sidelines of a ceremony to sign MoU with the Indian School of Business (ISB) to offer executive education in Pakistan.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india to allow pakistan fdi as ties warm up Arab Today, arab today india to allow pakistan fdi as ties warm up

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday