ISLAMABAD: Prime Minister (PM) Shehbaz Sharif approved the launch of the largest Ease of Doing Business reform program in history to attract business and investment in Pakistan.
According to a media report, the first digital registry of Pakistani laws and rules was launched to encourage business and investment.
The prime minister expressed gratitude to the international institutions that showed interest in funding the project. Shehbaz instructed that agreements with the international institutions interested in funding the project should be finalized.
PM Shehbaz specifically thanked the American development partners for their interest in supporting the implementation of the government’s economic reform agenda.
He stated that in addition to meetings and consultations, the relevant officials and ministries should ensure the timely implementation of the policy measures.
The prime minister established a special committee that would be fully focused on the implementation of the project.
PM Shehbaz Said that in the first phase of the project, sectors of high importance would undergo reforms.
He thanked Dr. Scott Jacob for his work on the project and commended the Investment Board and other relevant departments for their assistance in formulating the project strategy.
Along with Dr. Scott Jacob, the meeting was attended by federal ministers Muhammad Aurangzeb, Ahad Khan Cheema, Attaullah Tarar, Abdul Aleem Khan, Minister of State Shaza Fatima Khawaja, the chief secretaries of the four provinces, and other top officials.
In this meeting the briefing on the project details and the timeline for its execution.
It was reported that all laws and rules related to investment would be compiled and digitized, while unnecessary laws and rules that hinder investment and business would be ended.
Bureaucratic hurdles would be eliminated, and the time required for registration, permits, and other important steps would be reduced through digitization.
These steps would not only facilitate doing business and making investments but would also enable the private sector to progress at a faster pace.
It was further reported that this project would position Pakistan among the countries most suitable for ease of doing business and investment.
