http://www.irna.ir/en/news/view/menu-237/0...88301162350.htm



Pakistan-India-Investment
US dollar 1 billion investment from India is on the cards in Pakistan's information technology, services sector and the marble industry.

According to "Dawn" newspaper here on Thursday, India has given these specific proposals to invest about US dollar 1 billion.

However, Indian government and the Indian businessmen have been informed to seek no objection certificate from the Foreign Office and the Interior Ministry to make any investment in Pakistan, the newspaper said.

In principle, the daily quoted official sources as saying that Pakistan could not say no to any Indian investor wishing to invest in Pakistan as the present investment policy allows all foreign investors to make investment or enter into joint ventures with their Pakistani counterparts.

Relations between the two erstwhile neighbors have improved since the start of Pak-India peace process.

New Delhi has already granted the most favored nation status to Islamabad, but the latter has linked this initiative to substantial progress towards the solution of Kashmir issue.

However, thaw in their relations has led to exchange of visits between the two countries' politicians, tradesmen, businessmen and people from other spheres of life.

Significant progress towards a tri-lateral agreement on the construction of the multi-billion gas pipeline has also been witnessed.

It is widely expected that a formal agreement on the proposed pipeline was expected by the end of 2005.

Not bad.

i'm sorry but i dont like indian getting into investment in pakistan. remember what they did to nortel.

For some reason in my heart i don't trust them!

what they did?

Bingo

Shaukat Aziz has already made it clear that any substantial investment from India or large scale trade with India will only be allowed once there is substantial progress on Kashmir dispute. Pakistan has a fast growing IT industry and is one of the largest marble producing country.

So technically Pakistan can say no to Indian investors and it won't hurt anyother investors feelings as they know that this policy is related to Kashmir dispute which is why we have not and will not grant India an MFN status until there is clear progress on the Kashmir issue.

With President Musharraf and his administration, India has the best shot of getting kashmir dispute sorted out seriously. Musharraf and his adminsitration has shown more flexiibility than any other govt before. And he is willing to take more steps if India does so, but there has to be real progress from Indian side as well or large scale trade will not be possible.

this is india's wet dream and indians never get tired of talking about it, because they see it a route to invade Pakistan economicaly and then make it depend on indian economy, so they can blackmale pakistan and trun it in to client state like srilanka, bangladesh etc. Indians see trade totaly in thier intrest, if they hadnt they would have never talk about trade.

we have to be familiar with thier mentality that hindu would never do a deal with Pakistan which would be favoring Pakistan or Pakistan would be getting any benifit from it.

This is why the other day GOP has refused any trade to TATA and many other wishfull companies who are dying to access Pakistani market.

Pakistan is doing just fine by letting UAE, Saudia investing in billion and making them bigger partner in trade, on the other hand pakistan has also open the market for china as well and Pakistan should give chinese open access to market, reason we will get lots of tech and tot from china and china can be good and trust worthy trade partnet which we can trust.

Gwader is a hint that Pakistan is going to built strong trade ties with china.

We need to be wary of India, though we are not as small as Sri Lanka or Nepal or for that matter Bangladesh. But Indian business houses have over powered all the lucrative sectors. In Sri Lanka for instance, the Indians now retail petrol (Indian oil being one of them), sell cars, and own most of the hotels (tourism being one of their main industries). A Sri Lankan colleague says that he feels like being in an Indian state whenver he visits colombo these days. !

India is trying to defeat us ecomanliy.Guess they finally relized that wars are not in their favor .But trust me pak knows better and they probabley know this too.So they will make good use of the money and reun it back to india i guess

Come again?

I don't think Indians could do anything or Canadian govt would let them do anything to a company as important, high tech and as big as Nortel

increased mutual trade is necessary to reduce defense spending.

We are speinging 15% of GDP on defense and only 3% GDP on medical+education combined!!!

Come again?

I don't think Indians could do anything or Canadian govt would let them do anything to a company as important, high tech and as big as Nortel

Idid not say that .. imeant it was a good push for Pakistani IT business as cheap labour will be used from Pakistan and India will be marketing it .. slowly slowly we will be in the business too and it would be a good boost for Pakistan ...

You guys are sure about NORTEL .. i thought they had taken over FLAG ! But after that what happened !

What the hell has this reporter been smoking, hes got two completely different stories mixed up India wishes to Invest $1 billion into importing cow dung and urine from Pakistan. Due to the huge demand for such products in India, the BJP has decided to put aside our differences and start buying

must7,

I thought FLAG had been taken over by the Ambani’s Group Reliance.

Any thoughts on “Railway” Discussions?

Peace

How about let the local companies develop ? and invest abroad in other economies so Pakistan could grow more powerful economically ?

Rather than talking about other countries invading Pakistan economically, why not go out and invade other countries economically ? It calls for aggressive marketing, dedication, and a lot of hard work. If Pakistanis are able to do those three things, then they'll surely be a very powerful economy in the region in the next 2 decades.

Rather than relying on China, why don't you go out and compete with China ? Doesn't that make more sense ? We have 162million people, and immense potential to be in the top 5 economies, and there is no doubt about that.

Defence spending was about Rs. 210 Billion, which comes out to be about 3.2% of GDP while education spending this year is at 2.3-2.7% of GDP and health spending is less than that.

are your stats correct?

I just read in jang column by hussain haqqani that it is 15% of GDP. maybe you have not taken everything into account. my own idea was also nearer to this figure.

]
all bull crap shokey has bloked all major investments in to paksitan by indya...they just want to cash in Paks rising affluence

He is right. 3.2% of the GDP is spent on defence. Not 15%!

The 15% is probably as percentage of budget. (The US I know for a fact spends on average about 15% of its budget on defense.)

USAM,

your information is very outdated. The CIA Factbook released an entry of Pakistan in August 2005 (latest updated version), let me quote from that:



See pakistan must be smart. we should let the bhindian invest money, but we should not let him own the majority equity. that way we get money for infrastructure and bhindian dont get control.

Pakistan's economy or GDP is now over $ 100 billion, so $3.84 billion dollar spending means 3.8 % of GDP.