Mar 22, 2008

Money from Islamabad

Ministry roots for FDI from Pak
R. SURYAMURTHY

New Delhi, Feb. 10: The commerce ministry has proposed foreign direct investment (FDI) from Pakistan on a case-by-case basis.

Jairam Ramesh, the minister of state for commerce, has written a letter to external affairs minister Pranab Mukherjee for support to allow FDI from Islamabad.

“If FDI from Pakistan is allowed on a case-by-case basis through the normal FIPB (Foreign Investment Promotion Board) route, security concerns can be addressed,” Ramesh said in the letter.

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