PM Khan asks Board of Investment to simplify laws for businesses

The Prime Minister of Pakistan has asked the Board of Investment to quicken the process of formulating laws related to ease of doing business.

The Board of Investment has been in consultation with different relevant stakeholders to formulate laws and develop a regulatory framework which is more congenial to healthy business activities. While chairing a high-level session about business-related activities in Pakistan, the Pakistani premier asked the Chairman of Board of Investments to complete the consultation process for simplifying of business-related laws. The premier further mentioned that ease of doing businesses and facilitating investors was at the top priority for the government of Pakistan.

Prime Minister Imran Khan was chairing a high-level committee yesterday, which consisted of Chairman Board of Investment Zubair Gilani, Advisor to PM on Institutional Reforms Dr Ishrat Hussain, Advisor to PM on Commerce Abdul Razak Dawood and Country Director for World Bank. The Prime Minister urged the committee to develop laws and regulations which facilitated business and especially small scale startup companies.

The Chairman Board of Investment told the Prime Minister that the board was undergoing a consultation process to take their input regarding removing unnecessary regulatory hurdles and coming up with simplified laws. As the simplification process is completed, the businesses community could expect elimination of obsolete hurdles, automation of several procedures, and online availability of information resources.

The Board of Investment would soon come up with a report on its findings and would present its future plans.

News Via Nation