KP CM approves plan regarding Ease of Doing Business initiative

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Says objective of project is to simplify, streamline business process

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has approved the proposed action plan and model regarding implementation of the phase-II of the Ease of Doing Business initiative and directed that all pre-requisites and interventions be completed well in time to ensure timely launching of the project.

He said that the basic objective of the project is to simplify and streamline the overall business process as per contemporary needs, in order to take advantage of the investment opportunities in various sectors. Addressing the 10th Board meeting of the Khyber Pakhtunkhwa Board of Investment & Trade, the Chief Minister expressed his satisfaction over the performance of the BOIT and said that the steps taken in the first phase of the Ease of Doing Business have yielded positive results in attracting investors and promoting industrial activities in the province.

However, he added that keeping in view the expectations of investors and to meet with the differential needs of industrialization in the province, the immediate launching of the phase-II of Ease of Doing Business Project is of paramount importance for which all the necessary steps should be completed on a fast track basis.

He also directed them to constitute a committee for effective coordination among relevant provincial departments, in addition to laying special focus on the marketing of reform initiatives taken by his government. The Chief Minister clarified that the provincial government has introduced multiple incentives which have resulted in a substantial increase in industrialization by attracting domestic and foreign investors. Briefing about the implementation status of decisions taken in the last board meeting, it was informed that an investment committee and a commission have been constituted with the aim of materializing the MoUs signed in Dubai Expo 2020, adding that letters of intents on five different MoUs have also been signed so far.

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