<p>Reserve Bank of India has permitted Indians to invest in Pakistan, a move which will help enhance bilateral trade and investment.<br /><br /></p>.<p>The RBI notification comes on a day when Indian External Affairs Minister S M Krishna is visiting Pakistan aimed at strengthening bilateral relations.<br /><br />“It has now been decided that the overseas direct investment by Indian parties in Pakistan shall henceforth be considered under the approval route,” RBI said in a notification.<br />The moves comes days after India allowed investment from Pakistan.<br /><br />“Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security), Regulations, 2004 are being issued separately,” the RBI said.<br /><br />Bilateral trade between the neighbours stood at about USD 3 billion and is expected to reach US$6 billion in the next three years.Earlier, Pakistan had expressed concern over certain issues related with investments from India. <br /></p>
<p>Reserve Bank of India has permitted Indians to invest in Pakistan, a move which will help enhance bilateral trade and investment.<br /><br /></p>.<p>The RBI notification comes on a day when Indian External Affairs Minister S M Krishna is visiting Pakistan aimed at strengthening bilateral relations.<br /><br />“It has now been decided that the overseas direct investment by Indian parties in Pakistan shall henceforth be considered under the approval route,” RBI said in a notification.<br />The moves comes days after India allowed investment from Pakistan.<br /><br />“Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Any Foreign Security), Regulations, 2004 are being issued separately,” the RBI said.<br /><br />Bilateral trade between the neighbours stood at about USD 3 billion and is expected to reach US$6 billion in the next three years.Earlier, Pakistan had expressed concern over certain issues related with investments from India. <br /></p>