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Minister Abdul Aleem Khan orders simplification of business registration

PM Shehbaz Sharif approves Ease of doing Business Act legislation
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June 01, 2024 (MLN): Federal Minister for Board of Investment, Privatization, and Communications Abdul Aleem Khan, while presiding over a special meeting on Ease of Doing Business, has directed the Board of Investment to simplify the registration process for new businesses.

He added that it is vital to clarify the features of the Pakistan Business Portal which will soon be presented to the Prime Minister.

Federal Minister Abdul Aleem Khan further said that FBR and Security Exchange Commission should ensure online facilities at one window so that all relevant departments can facilitate business community including registration for starting their new setup.

Abdul Aleem Khan said that it should be ensured that unnecessary rules and regulations hindering investment are removed so that the policy of accelerating investment can be implemented.

Federal Minister Abdul Aleem Khan directed the Board of Investment to keep in view the important models for Pakistan Business Portal including other countries and emphasized to create a policy framework according to the current requirements apart from the traditional methods.

Federal Minister said that domestic and foreign investors should not be entangled in unnecessary formalities as the Ease of Doing Business model also aims at full cooperation by FBR, Securities of Exchange Commission and other departments to the investors.

Abdul Aleem Khan indicated that new business and investment opportunities will not only increase review and national ex chequer but also leave positive results on providing job facilities to the Youth.

Federal Minister of Commerce Jam Kamal Khan also attended this meeting on Ease of Doing Business in which senior officers of the Board of Investment and other relevant departments gave a detail briefing to Federal Minister for Investment, Abdul Aleem Khan and apprised about their homework on Pakistan Business Portal, One Window and online facilities.

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Posted on: 2024-06-01T13:33:41+05:00