Staff Reporter Islamabad
The fifth Steering Committee meeting on Pakistan Regulatory Modernization Initiative PRMI) was held under the chair of Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Investment at Board of Investment (BOI) to review progress, briefing on implementation of regulatory reforms by provinces & review of regulatory guillotine activity under NCC on SMEs.
The Advisor to PM on Institutional Reforms & Austerity Dr. Ishrat Hussain, Chairman BOI, Secretary Industries & Production, Member FBR, Provincial Secretaries of Punjab, Sindh and Baluchistan, Director General ICT, representatives of private sector i.e.
FPCCI, OICCI and Pakistan’s international development partners World Bank & British High Commission attended the meeting in person and virtually.
Additional Secretary BOI, Mr. Mukarram Jah Ansari apprised the Forum on the status of regulatory mapping which as of now stands at 1400 regulations.
He stated that mapping is an ongoing exercise and a repository of the mapped regulations is available on PRMI website.
As for the Regulatory guillotine, Mr. Mukarram shared that BOI has formally started its implementation parallel to PRMI.
BOI with the help of the private sector has identified over 200 issues being faced by business fraternity at federal and provincial level.
The vetting of the shared issues has been initiated with meetings of the constituted working groups and multiple proposals for resolution of the highlighted concerns have been approved.
Provincial representatives of KP, Sindh, Punjab, Balochistan & AJK shared progress review of their respective provinces pertaining to implementation of reforms initiatives and timelines.