Govt clears key regulatory reform package to modernize business laws

July18,2025 (MLN): A total of 104 out of 136 proposed regulatory reforms have been endorsed for implementation as the Cabinet Committee on Regulatory Reforms (CCoRR) concluded its review of Reform Package-01.

Among the approved reforms are the removal of 19 redundant requirements and simplification of 57 procedures through digitalization and modernization to boost transparency and service delivery.

Once implemented, these measures are expected to reduce approval timelines, cut costs, and create a more business-friendly regulatory environment, said a press release issued yesterday.

The package, prepared by the Board of Investment (BOI), aims to reduce compliance burden, eliminate outdated procedures, and enhance the ease of doing business in line with the Prime Minister’s directives.

It focuses on streamlining federal-level Registrations, Licenses, Certificates, and Other Permits (RLCOs), as well as modernizing the Companies Act, 2017 for unlisted companies.

Chaired by Federal Minister for Investment Qaiser Ahmed Sheikh, the committee held a series of three meetings to evaluate the proposed reforms.

A sub-committee led by Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister for Industries and Production, was constituted to lead stakeholder consultations on the Companies Act in coordination with the Securities and Exchange Commission of Pakistan (SECP) and other relevant bodies.

The committee directed relevant ministries and departments to implement the approved reforms within timelines of up to 90 days, depending on their complexity.

 The BOI will continue to monitor progress and report back to the committee.

It was also noted that further reform packages are in development, aimed at reducing compliance burdens across various economic sectors to enable businesses to grow and compete more effectively.

The Federal Minister for Investment praised the BOI reform team for its work and acknowledged the constructive role of regulatory bodies in advancing the national reform agenda.

The conclusion of this review reflects the government’s commitment to regulatory modernization and its goal of fostering an enabling environment for investment and economic growth in Pakistan.

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