ICCI demands simplification of regulations for ease of doing business - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- January 19, 2023 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

Quote

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that the prevailing complicated business regulations are a barrier to promote business and investment activities in Pakistan and stressed that the Board of Investment should speed up its process of regulations reforms to promote ease of doing business in the country. He said this while talking to a delegation of Board of Investment (BoI) that visited ICCI led by Zulfiqar Ali, Director General (Reforms) and briefed the business community about the Pakistan Regulatory Modernization Initiative to facilitate the business community.

ICCI President said that the new environmental laws are creating more problems for the private sector as their compliance is not possible, especially for old businesses and industries and stressed that BoI should work in consultation with stakeholders to reform and simplify them. Engr. Muhammad Azhar ul Islam Zafar, Vice President ICCI said that BoI should take a focal person from every chamber of commerce and associations for its Pakistan Regulatory Modernization Initiative (PRMI) to bring concrete reforms in the business regulations and a timeline should be set up for this project.

Zulfiqar Ali, Director General (Reforms) and Adnan Munir Director (Regulatory Modernization) BoI gave a detailed presentation on PRMI to the business community. The...