INDIA: Pakistan Further Encouraged to India Foreign Investment in India

Tuesday August 28 2012

It has been reported that after allowing foreign direct investment from Pakistan, Pakistan is further encouraged to India Foreign Investment. India has approved reduced sensitive trade list by 30% and also allowed Pakistanis to purchase shares in Indian companies.

India approved reduction of 30% (264 tariff lines) from the SAFTA Sensitive list for Non Least Developed Countries (NLDCs) allowing the peak tariff rates to reduce to 5% within three years, as per agreed SAFTA process of tariff liberalisation on August 17, 2012, according to a press statement issued by High Commission of India in Islamabad. This shall reduce India’s sensitive list for Pakistan from 878 to 614 tariff lines.

This information will be updated as more details become available