PRMI reforms to ensure ease of doing business in more effective manner: Razak.

ISLAMABAD -- Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood Monday said Pakistan Regulatory Modernization Initiative (PRMI) was a larger scale exercise for reforms being undertaken by the government in order to ensure ease of doing business in a more effective manner.

He said this while chairing the third meeting of Steering Committee on PRMI here in Board of Investment (BoI).

The advisor said reforms were focused around reduction of compliance burden of businesses on one hand while improving the effectiveness of regulatory regime on the other.

Advisor to the Prime Minister on Institutional Reforms Dr Ishrat Hussain, BoI Chairman Atif Riaz Bokhari, Commerce Secretary Yousaf Naseem Khokhar, provincial representatives and other stakeholders from public and private sectors attended the meeting.

Razak Dawood underlined that the reforms efforts would make life easier for the business community and improve the oversight mechanisms of the government as well.

Talking about the progress on different decisions and targets, he appreciated the Khyber Pakhtunkhwa government on recent steps to simplify the licensing regime of local government.

He said these activities would not only facilitate the SME sector but also help the growth of business activities in a more transparent and efficient manner.

The advisor encouraged all provinces and regions to adopt business friendly initiatives of each other and increase the pace of activities to achieve concrete results for the SME sector within the given time frame.

He said different stakeholders, including the industry representatives shared their suggestions on the regulatory environment.

Razak Dawood assured that the suggestions from industry would be duly considered in order to ensure a meaningful review of the regulatory regime and introduction of consequential reforms.

Advisor to the Prime Minister on Institutional Reforms Dr Ishrat Hussain talked about the different approaches to undertake the intended reforms drive of the government.

He said a sector-wise approach would come at a later stage, which would enable us to have a deeper understanding of...