The Indian government has announced it will allow investment from Pakistani citizens and companies in India.
A press release by the commerce ministry said all foreign direct investment from Pakistan will need to be approved by the Foreign Investment Promotion Board.
Investments cannot be made in defence, space or atomic energy.
"It is a great decision... Now Pakistan should also implement the most favoured nation (MFN) trading status to India," Rajiv Kumar of the Federation of Indian Chambers of Commerce and Industry (FICCI) told the state-run Doordarshan news channel.
India has already granted Pakistan MFN status and Pakistan pledged it will do the same.
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