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of <h1>Indian Entities Can Now Invest in Pakistan via Approval Route Under Regulation 9; Await Amendments for Details.</h1> The circular addresses the policy on overseas investments by Indian entities in Pakistan. It highlights that, according to the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004, investments in Pakistan were initially prohibited. However, it has been decided that such investments can now be considered under the approval route as per Regulation 9. Amendments to the existing regulations will be issued separately. Authorized Dealer Category I banks are instructed to inform their clients about this change, and the circular is issued under the Foreign Exchange Management Act, 1999.
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