Prime Minister Imran Khan has decided to set up a Steering Com-mittee on 'Pakistan Regulatory Modernisation Initiative' to improve regulation and develop the regulatory system on modern lines to facilitate the business segment. On Monday, the Prime Minister chaired a meeting on Pakistan Regulatory Modernisation Initiative and noted that multiple NOCs, new terms and conditions and various regulatory stages open ways for corruption and impact the foreign investment as well as small and medium industries.
The process of mapping, rationalisation, modernisation and automation will be done under the Pakistan Regulatory Modernisation Initiative. The steering committee will be headed by Advisor on Establishment Shahzad Arbab and Advisor on Commerce Abdul Razak Dawood. Secretary commerce, chairman FBR, chairman SECP, chairman Board of Investment, president FPCCI, presidents of chambers of commerce of Lahore, Karachi and Faisalabad as well as representatives of Pakistan Business Council will be part of the committee.
The Prime Minister was given a briefing on Pakistan Regulatory Modernisation Initiative and informed that it is the first step in the history of the country taken at national level in consultation with provinces and it aims at simplifying regulatory framework and registration process in order to facilitate the business community. The PRMI also aims at facilitating business by dealing with the menace of corruption.
Comments
Comments are closed.