PM Imran Khan directs to simplify business-related laws
The Prime Minister also highlighted towards the “guillotining” of irrelevant rules.
Business-related laws need to be simplified: PM Imran Khan
Business communities should be supported and facilitated especially the startup companies: PM
Govt of Punjab has taken the initiative to facilitate businesses like unifying taxes, eliminating inspections, offering one-window facilitation and introducing Punjab Smart Regulation Act.
Prime Minister Imran Khan addressed a meeting of the Board of Investment on Wednesday, for advance completion of consultation procedures with the stakeholders that are related to organizing and simplifying the business laws. In the various sectors of the economy, people are needed who will regulate the system and network related to business.
Advisor on Commerce, Abdul Razak Dawood, Advisor on Institutional Reforms Dr. Ishrat Hussain, Chairman, Board of Investment (BOI) Zubair Gilani, Punjab Provincial Minister for Industries Mian Aslam Iqbal, Country Director World Bank and senior officials attended the meeting.
The Prime Minister also highlighted towards the “guillotining” of irrelevant rules, to make business easy for everyone and support the business community particularly startup companies should be completed as soon as possible.
An extensive stakeholder consultation procedure is in progress removing hurdles and to make doing business easy. Irrelevant rules and regulations will be removed and review on the existing framework that is present in the current law said the chairman BOI Zubair Gilani.
“Business Regulatory Mapping Portal”
“Business Regulatory Mapping Portal” has also been designed to make sure of accuracy and clarity in business transactions through E-Commerce.
Prime Minister Khan said special attention needs to be paid on the digital economy and on its solution to enable and enhance their potential in the IT sector.
Prime Minister was informed by the Minister industries Punjab that the Govt of Punjab has taken the initiative to facilitate businesses like unifying taxes, eliminating inspections, offering one-window facilitation and introducing Punjab Smart Regulation Act.
Prime Minister Imran Khan said that all other sectors should also follow the same plan and share their ideas for approval and execution.
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