Supported by FCDO-funded The Adam Smith International–REMIT program and Jacobs Cordova & Associates, the Regulatory GuillotineTM in government procedures will improve investment climate by reducing thousands of regulations and formalities leading to much needed robustness to the economy.
A new national registry will be set up which will become the first legal repository of all legal requirements for doing business in Pakistan. The e-registry will consolidate and digitize all existing laws and regulations for investment in the country, abolishing unnecessary rules and regulations that hinder investment and business.
The Prime Minister has directed setting up a dedicated committee of the Cabinet to supervise and ensure expeditious implementation. The first phase is to be completed by Dec 2024 covering the most important sectors of the economy.
This is what technical assistance done right can achieve- a reform agenda led and owned by the government improving lives and livelihoods for millions across the country. If implemented well, this will not just mean prosperity for businesses but opportunities for everyone- especially the young men and women in Pakistan
From: https://www.linkedin.com/posts/remit-pakistan_regulatory-guillotine-e-activity-7227987363656826880-hHpX/
