ISLAMABAD: As part of roll out plan of the Ease of Doing Business (EODB) and the Pakistan Regulatory Modernisation Initiative (PRMI) Strategy in other provinces, the Board of Investment (BOI) team visited Quetta.
The first meeting was held with members of the Quetta Chamber of Commerce (QCCI) to discuss the impediments being forced by the business community.
President Chamber Quetta Babaruddin Kakar apprised about various policy issues in potential sectors that require immediate attention and if addressed, will enhance investment opportunities in the province.
The QCCI also showed interest in establishment of SEZs.
Mukarram Jah Ansari called on Governor Balochistan Amanullah Khan Yasinzai to share the BOI’s plans for Balochistan and the Pakistan Regulatory Modernization Initiative. He briefed about the positive impacts the reforms drive would have on overall business climate that was integral to spur industrialization in the province. The governor Balochistan appreciated all inclusive approach of the government as facilitation of businesses would result in economic development of the province. He advocated inclusion of available pool of experts in the province that would not only help in capacity building but also benefit investors by reducing operational costs.
Ansari extended his gratitude to the governor for his time and valuable advice.
He was reassured that the BOI Islamabad would facilitate in engaging concerned departments to move towards resolution of issues and assist in actualisation of Balochistan’s potential. He further added that PRMI drive was a step towards fostering a conducive business environment nationwide.
The PRMI project is aimed at overhauling the regulatory environment for businesses in Pakistan.
The purpose of the project is not limited to identifying problems in the business environment but also to make recommendations to a steering committee for the remedial measures required for making improvements.
The World Bank’s technical assistance has been taken to accelerate implementation of the PRMI project.
The project proposal, which is part of the “Pakistan Goes Global” project funded by the World Bank, submitted to the Planning Division for formal approval.
The roadmap for the planning and execution of the PRMI project depicts that the project will meet its objectives in the next three years.
Copyright Business Recorder, 2020
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