Senator Taj Haider chaired the meeting of Senate Standing Committee on Parliamentary Affairs held here at Parliament House on Tuesday.
The Senate Committee deliberated on the Bill titled “The One Stop Service Bill,2023” aimed to establish ‘One Stop Services’ for investors, interested in investing special economic zones and the country in general.
Senator Taj Haider inquired as to why the establishment of new organisation is necessary for the promotion of industry in the country and why doesn’t the Board of Investment provide these services inhouse.
Khashih ur Rehman, Additional Secretary for BOI, apprised that Special Economic Zone act made it compulsory for investors to initiate industrialization within the two years of land allocation, however, the provision of required certificates and NOCs create a massive hurdle in doing so.
He stated that the act will aide investors in acquiring all the public services in timely manner and it will also play a key role in colonization of Special Economic Zones.
Senator Sania Nishtar pointed out that the act provides sweeping power to One Stop Service and despite giving these, one stop service will not be able to yield the desired results in the current hostile industrial environment.
