Ease of Doing Business: PM Imran Khan takes important decisions

Ease of Doing Business: PM Imran Khan takes important decisions

ISLAMABAD - Prime Minister Imran Khan chaired a meeting in Islamabad on Wednesday to review progress on improving Ease of Doing Business in the country.

Chairman Board of Investment briefed the Prime Minister about the progress on various indicators related to Ease of Doing Business.

He informed that efforts are being made to improve risk-management system to reduce number of physical audits.

On the issue of number of tax payments, it was informed that the number of payments have been brought down from forty seven to twenty one.

About the ease of starting business, the Prime Minister was informed that integration of SECP with provincial portals and EOBI has been completed in Punjab and efforts are being made to expedite launch of portal in Sindh.

On ease in getting electricity, the Prime Minister was informed that significant progress has been made to facilitate provision of power and timely information to the businesses.

In the area of getting credit, it was informed that Registrar would be appointed by the end of this month and rules under Secured Transaction Act are being finalized by Ministry of Finance.

The Chairman BOI also briefed the meeting about steps being taken to facilitate trading across borders and reducing clearance time in imports and exports.

He also identified various issues mostly related to Sindh province in integration of SECP and EOBI with provincial portal.

On the Occasion, Prime Minister Imran Khan emphasized upon the need for greater focus towards addressing EoDB issues related to Sindh since Karachi was the financial hub of the country.

Briefing the meeting about various positive developments with regards to investment facilitation, it was informed that MoU on industrial cooperation has been signed with China last month.

It was decided in the meeting that regular EoDB meetings would be chaired by the Prime Minister with participation of Chief Ministers and the provincial Chief Secretaries.

It was also decided that dedicated EoDB offices would be set up at Federal and provincial level for in order to remove bottlenecks and facilitate investors in smooth business operations.