ISLAMABAD – Prime Minister Imran Khan has directed preparation of acomprehensive plan to simplify procedures related to government approvals,addressing taxation issues, dispute resolution and facilitating investorsand businesses.
He was chairing a high level meeting to review progress on improving easeof doing business and creating an enabling environment to facilitateconversion of interest of the local as well foreign investors into actualinvestments in the country.
Chairman Board of Investment Haroon Sharif briefed the meeting that effortsare being to revive confidence of the private sector in government policiesand put in place a framework that facilitates business community in itsbusiness pursuits.
The Chairman said BOI acts as agent of change to facilitating businesstransactions, removing impediments in way to materialization of investors’interest into actual investments and smooth functioning of the businessesin the country.
He also briefed the Prime Minister about various issues being faced by thebusiness community including taxation, access to finance, regulation andpolicy issues and red-tapism.
Haroon Sharif said BOI is also actively working with the provinces andrelevant ministries for removing barriers in the way of establishingSpecial Economic Zones.
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He also informed the Prime Minister about Naya Pakistan Diaspora Fund whichis being set-up to promote SMEs and rural development in key areas ofeducation, health and infrastructure development.
He apprised the Prime Minister of the Investment Framework which has beenstructured for attracting and materializing investment from UAE, SaudiArabia, China, Japan and Malaysia.
It was decided during the meeting that Prime Minister would chair a reviewmeeting every month on Ease of Doing Business in the country.
