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October 2012

A. P. (DIR Series) Circular No. 25 dated 7th September, 2012 Overseas Investment by Indian Parties in Pakistan

By Gaurang Gandhi, Chartered Accountant
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Presently, investment in Pakistan is not permitted. This circular permits Indian parties to invest in Pakistan under the Approval Route of ODI Scheme in terms Regulation 9 of Notification No. FEMA 120/ RB-2004 dated 7th July, 2004 [Foreign ExchangeManagement (Transfer or Issue of any Foreign Security).

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