KCCI underscores need to simplify procedures.

KARACHI -- President Karachi Chamber of Commerce and Industry (KCCI) Agha Shahab Ahmed Khan has urged the government to take concrete steps for simplifying the cumbersome procedures of starting a business and strategies should be defined and effectively implemented in such a manner that anyone looking forward to set up a business succeeds in doing so within a day or two as being done in many countries around the world.

While sharing his opinion at the third meeting of the steering committee on Pakistan Regulatory Modernization Initiative (PRMI) via video link, President KCCI requested the government to look for ways and means to reduce the number of departments as excessive departments create hurdles in way of simplifying procedures. In this regard, the policymakers must look into the possibility of providing one-window facility which, if provided, would certainly encourage a lot of investors to come forward and invest in numerous sectors of the Pakistani market that offers lucrative opportunities, he added.

He was of the opinion that setting up a business was a really cumbersome procedure in Pakistan as it takes a lot of time to seek approval and fulfill the documentation procedures whereas the widespread corruption in all the government departments where officials fearlessly demand huge bribes to give approval, was the biggest hurdle in way of simplifying the procedures for starting a business.

He was of the opinion that as Karachi Chamber better understands the business infrastructure, therefore a think tank should be established with participation of relevant stakeholders including Karachi Chamber of Commerce, which was in a perfect position to give...

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