Giving impetus to people-to-people contacts and trade ties with Pakistan, India on Friday opened a modern Integrated Check Post (ICP) , equipped with a dedicated passenger terminal and sprawling cargo facility, built at cost of 150 crore rupees in Atari.
Improving economic ties between the two nations, India said it will allow FDI from Pakistan.
This will allow industries from the neighboring country to set up businesses in the growing Indian market.
Speaking after a bilateral meeting with Pakistan Commerce Minister Makhdoom Amin Fahim in the capital, Commerce Minister Anand Sharma said talks are underway to allow banks from both countries to open branches in each other’s territory.
Sharma also said, India-Pakistan Business Council will be set up soon, to be co-Chaired by both the countries.
On multiple entry business visas, Commerce Minister further added that there will be a formal signing agreement soon.
The new multiple visa regime for businessmen will be for one year initially.
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