Trade diplomacy: Business community welcomes India's positive decision on FDI

Calls for liberalisation of the visa regime and to allow Indian businessmen to invest in Pakistan.

August 02, 2012

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) welcomed the Indian government’s decision to lift a ban on direct investments from Pakistan and called for liberalisation of the visa regime to make this move more meaningful and result-oriented.   

In a statement issued on Thursday, LCCI President Irfan Qaiser Sheikh urged the Indian authorities to grant multiple visas to businessmen so that they can travel freely.

The LCCI president said that the Indian decision has made it clear that trade diplomacy was working well and more such decisions would be taken to help bring the two countries closer.

Sheikh hoped that the Indian authorities would also consider lifting the ban on Indian investors wanting to invest in Pakistan. He said that the trust level between the two sides will go up and help tackle other issues faced by the two sides for decades.

"We hope this decision will be fruitful for the business community and the people of the two countries," he said.

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