Key Takeaways
- Prime Minister Shehbaz Sharif directed performance reviews to prioritize ease of doing business reforms.
- 558 reforms were completed, with 71 policy measures already implemented and 272 in progress.
- The estimated savings for the business community amount to 468.7 billion rupees.
Prime Minister Shehbaz Sharif has directed that performance evaluations of government officers should focus on implementing ease-of-doing-business measures, according to a review meeting held in Islamabad. The PM emphasized the importance of accelerating policy measures for ease of doing business and ensuring third-party validation from international institutions.
During the meeting, chaired by Prime Minister Muhammad Shehbaz Sharif, it was highlighted that 558 reforms have been completed with regard to reducing various regulations, paperwork, and approvals for ease of doing business. Of these, 71 policy measures have already been implemented, while work on 272 is progressing at a fast pace.
The PM also stated that the implementation of these measures is being carried out in seven phases across different sectors. According to the meeting briefings, due to these reforms, an estimated savings of 468.7 billion rupees are expected for the business community. The government aims to leverage Pakistan's vast potential for local and foreign investment as a top priority.
The Ministry of Law and Justice, SIFC (State Bank of Pakistan), Board of Investment, Ministry of Commerce, and other relevant institutions have been commended for their efforts in law and policymaking for ease of doing business. The PMO informed that the meeting was briefed on the review of the implementation of measures and the future course of action.
The Prime Minister further directed that a comprehensive report on the implementation of policy measures for ease of doing business should be prepared and presented soon. He emphasized the need to ensure that these reforms lead to increased exports, higher direct foreign investment, and the creation of new employment opportunities.
