PM for simplifying laws, process to facilitate business community

News Image

By MG News | August 29, 2019 at 10:35 AM GMT+05:00

0:00

August 29, 2019: Prime Minister Imran Khan has directed Board of Investment for early completion of consultation process with the relevant stakeholders for streamlining and simplifying laws and regulatory framework related to business in various sectors of economy.

In a meeting on removing regulatory hurdles in Islamabad on Wednesday, the Prime Minister also directed that the process of "guillotining" unnecessary regulations should be completed as soon as possible so to improve ease of doing business and facilitate business community.

Chairman BOI Zubair Gilani briefed the meeting that an extensive stakeholders' consultation process is underway for removing hurdles in ease of doing business.

He said this process involves elimination of irrelevant or obsolete regulations, review of existing regulatory framework and amendment in existing laws.

The Prime Minister directed that special attention should be paid towards promoting digital economy and offering digital solutions to the start-up enabling them to capitalize their potential in IT sector.

Imran Khan said automation of the regulatory procedure and online availability of required information will help businesses in smooth operations.

It was further informed that a digital "Business Regulatory Mapping Portal" has been designed to ensure transparency and accuracy in business transactions through E-Commerce.

The Prime Minister was informed by Minister Industries Punjab Mian Aslam Iqbal that the Government of Punjab has undertaken a number of initiatives to facilitate businesses including unifying taxes, eliminating inspections, offering one window facilitation and introducing Punjab Smart Regulation Act.

He was informed that as per his directions, Petroleum, Housing and Works, Power Division and BOI will soon be presenting plans regarding removal of unnecessary regulatory hurdles in their respective divisions.

The Prime Minister directed that all other divisions should come up with similar plans and present for approval and implementation.

Related News

Name Price/Vol %Chg/NChg
KSE100 133,370.15
344.25M
1.08%
1421.08
ALLSHR 83,081.15
914.93M
1.23%
1011.89
KSE30 40,705.30
139.76M
0.79%
317.54
KMI30 192,580.68
159.45M
0.63%
1203.85
KMIALLSHR 55,835.71
548.23M
1.16%
641.74
BKTi 36,317.17
36.80M
1.36%
488.93
OGTi 28,542.96
8.63M
0.34%
96.61
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,245.00 110,525.00
107,840.00
-2170.00
-1.97%
BRENT CRUDE 69.63 69.94
67.22
1.33
1.95%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.00 68.32
65.40
1.00
1.49%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 07, 2025 at 05:30 PM GMT+05:00

CCP cracks down on anti-competitive practices in FY25


July 07, 2025 at 04:42 PM GMT+05:00

China opens BRICS Customs Centre to boost trade ties


July 07, 2025 at 04:39 PM GMT+05:00

SECP wraps up 1,761 proceedings in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg