LAHORE  – Direct investment permission for Pakistani investors in India is a big decision for which the leadership of both countries deserves appreciation.

“The decision is in line with the vision of Indira Ghandi, Nehru and other leaders of India,” said chairman Pak India Business Council (PIBC), Noor Muhammad Kasuri, in a statement here on Sunday. “The PPP-led coalition government has been working to normalise  relations with India and the decision will not only bring the two nations close to each other but also pave the way for finding out solutions to longstanding disputes between them,” he said. “The business council urges the Indian government to provide legal and constitutional cover to investors from Pakistan so that no government in future could reverse it,” the statement said. “The PIBC has been working for 10 years to strengthen ties between the countries and creating a business friendly environment for people across the border.

 to usher in a new era of stability and economic wellbeing,” he added.

He said that President Asif Ali Zardari’s proposal for setting up joint  economic zones on the border between both countries should be considered by India and a committee should be set up for working on it for further progress.

He also proposed the Indian government also set up special economic zones for Pakistani investors to award them concessions as it was giving to investors form China and other countries.

“It should also be reciprocated in Pakistan by accommodating Indian investors in industrial zones,” he added.

He said Sonia Ghandi, Annand Sharma and Makhdoom Amin Fahim deserved appreciation for their efforts to open investment opportunities across the border.