NEW DELHI: The government on Wednesday lifted a ban on investment from Pakistan, the only country that faced such curbs, in yet another effort to improve ties with its neighbours.
As was the case with Bangladesh, the department of industrial policy and promotion, which issued the notification, has mandated that investments by individuals and companies from Pakistan would need government approval. As a result, the Foreign Investment Promotion Board will approve proposals after it receives inputs from the defence and home ministries.
On February 15, TOI had reported that India had finally agreed to allow investment from Pakistan through the FIPB route.
