Overseas direct investment approvals: Indian parties' investments in Pakistan now subject to regulated approval route under FEMA. Overseas direct investment by Indian parties in Pakistan will be considered under the approval route of Regulation 9 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, replacing the prior prohibition in Regulation 6(2); amendments to the Regulations will be issued and Authorised Dealer (Category I) banks are to inform their constituents. The direction is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act and is without prejudice to other legal permissions.