The Sindh Business Registration Portal (SBRP) has been launched as an online regulatory approvals and inspection interface. The Portal would ensure businesses registration swiftly by providing access to a slew of online services, cutting down the cost, time and effort of visiting multiple government departments for the purpose.
Sindh Chief Minister Syed Murad Ali Shah along with Adviser to PM Razak Dawood and World Bank's Country Director Patchmauthu Illangovan, on Wednesday inaugurated the 'Sindh Doing Business Reforms Exhibition II,' the Sindh Business Registration Portal (SBRP) as part of the ease of doing business reforms in the province.
The World Bank has been providing technical support to the provincial government for the implementation and facilitation of doing business reforms. The Sindh Government has also had the support of Department for International Development (DFID), UK.
The business environment in Pakistan registered a significant improvement last year when the World Bank's flagship report, the Doing Business Index, showed Pakistan's global rank as having risen by 11 places from 147 to 136 out of 190 in 2018. The Sindh province has a substantial role in this as Karachi represents 65 percent of the weightage in doing business methodology, whereas Lahore accounts for 35 percent of the ranking. Reforms to improve business environment with an objective to transform Karachi as an easy, competitive and business-friendly city in Pakistan, and in the region, have shown an improvement and many reforms have already been implemented are in practice at relevant government departments. Of all these reforms, the SBRP is one of the most salient.
In addition, the Sindh Board of Revenue also launched its portal for tracking of property deeds at the event. Through this portal citizens will be able to the progress of their property registration online.
Speaking on the occasion, Sindh Chief Minister Syed Murad Ali Shah said in the first quarter of 21st century, our region has turned into an engine of growth for the world economy. "In this fast-changing world, there are opportunities that Pakistan cannot afford to miss and there are risks that we must guard against. Pakistan must make right policy choices, focus on human development and create an enabling environment for economic development.
Talking about World Bank's ease of doing business report, Shah said it was an important measure with economic and political consequences. Elaborating further, he said on the economic side, the Doing Business report has become one of the most important indicators for companies choosing countries to invest in and on the political side it is an index on which countries compete, and against which success of governments is measured. "There is enough evidence to show that Foreign Direct Investment (FDI) inflows are higher for economies performing better on the Doing Business Index," he said and added "on an average across economies, a difference of one percentage point in regulatory quality as measured by distance to frontier scores is associated with a difference in annual FDI inflows of $250-500 million".
The chief minister said Sindh was fully resolved to undertake more reforms and adopt policies that create an enabling environment for the private sector and make doing business easy in the province. "The private sector provides jobs, currently a challenge for our populous country; it generates revenue for the government and it triggers a virtuous cycle of skilled population and financial inclusion," he said.
It may be noted that ease of doing business reforms are aimed at facilitating the domestic producers as well as foreign investors. The benefits of domestic businesses are obvious. The foreign businesses not only provide jobs, but also bring new technology.
Appreciating the support of World Bank, CM said its country director has also helped us in linking with the private sector and communicating these reforms to businesses and citizens effectively. He expressed his support for the World Bank's Top 20 Business Cities initiative in 2020. "We will ensure that cities of Sindh participate fully in this competition," he said.
The chief minister emphasized the need for inter-provincial coordination and coordination between the federal and provincial departments. "We have never felt shy in extending our support or invoking support from other provinces and the federal departments to achieve our common objective of prosperous Pakistan," he said and added "we will continue with this policy and look forward to working together in a collegial environment in future as well.
The CM also appreciated the technical help and assistance extended by the Punjab Information Technology Board (PITB) in the development of the Sindh Business Registration Portal. He welcomed the delegation from Punjab in the event.
Shah highlighted some of the milestones achieved which he particular mentioned are as follows:
SBCA has exempted three NOCs and reduced procedures to get construction permits from 15 previously to just seven.
The Board of Revenue is a major success story in Sindh. LARMIS has reduced the time to buy and register property by more than 90 percent. Under the project, 90 percent of the land records of all 29 districts in the province - maintained since 1985 - have been computerised and verified by deputy commissioners of districts.
The Board of Revenue has launched another portal on Wednesday which allows citizens to track their property deeds online.
SEPA has exempted low impact projects from approval and improved its service delivery timeline. It is a significant step achieved in record time to deregulate our business environment.
The KW&SB has simplified its procedures and improving their service delivery timelines by more than 50 percent. Commercial connections are now provided in 21 days as compared to 61 days previously.
Those who were present on the occasion include members from relevant stakeholder departments of Sindh Government, representatives of the World Bank, and private sector representatives. Those who addressed the audience on the occasion included Sindh Planning and Development (P&D) Board chairman Muhammad Waseem, Investment Department secretary Ahsan Ali Mangi, and World Bank Country Director Illango Patchamuthu.
The keynote speech was delivered by Adviser to the Prime Minister for Commerce, Textile, Industry and Production and Investment Abdul Razzak Dawood who reaffirmed the focus of the Government of Pakistan on creating an enabling business environment in the country by furthering the agenda of the Ease of Doing Business Reforms.
Speaking on the occasion, Patchamuthu congratulated the Sindh Chief Minister for spearheading the doing business reforms, and also lauded the efforts of the departments of Sindh government, especially Investment Department, that completed several reforms as part of a series of 100-Days DB Reform Sprints.
The third 100-day reform sprint has been successfully completed, while the fourth 100-days sprint commenced on the occasion.
The World Bank Country Director added that it was critical that the on-going reform momentum is sustained to help Pakistan become a competitive and business-friendly investment destination. DB reforms are prominently featured in the Pakistan @100 initiative which aims for the country to be in the top 25 economies globally by 2047.
The Government of Sindh, and in turn the Department of Investment Sindh, have led the way and paved the path for this milestone. Now any new business in Sindh can easily be registered online quickly, saving visits to multiple departments for paper-based documentation. Entrepreneurs can register their business with 4 provincial departments at the Portal such as Labour department (Shops & Establishments), Sindh Employees Social Security Institution, Industries Department (Partnership Firms) and Excise & Taxation department.
The Portal will develop links between four provincial departments and federal departments (NADRA & SECP) for smoother and swifter business registration.
In the province of Sindh, the most salient DB Reforms have been in the four indicators: Starting a Business; Registering Property; Getting Construction Permits; Getting Electricity.