The federal government has assigned the Special Investment Facilitation Council (SIFC) a role in accelerating regulatory reforms aimed at improving Pakistan’s business environment and attracting investment.
Regulatory reforms and the regulatory guillotine are designed to reduce red tape, simplify licensing procedures, and eliminate outdated or unnecessary compliance requirements that increase costs and create barriers for businesses.
The regulatory framework was initially launched by the Board of Investment (BoI). However, implementation faced delays due to coordination issues and institutional bottlenecks.
Prime Minister Shehbaz Sharif has tasked SIFC with spearheading the reforms through its whole-of-government coordination mechanism.
The initiative focuses on simplifying business procedures, reducing unnecessary paperwork, and eliminating redundant regulations to create a more efficient and investor-friendly environment.
The government expects the reforms to lower the cost of doing business, improve regulatory efficiency, and strengthen Pakistan’s appeal.
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