ISLAMABAD: The government has developed an action plan to improve Pakistan’s business environment through designing accessible and simple regulations. The Action Plan is based on bringing improvement in Pakistan’s Doing Business (DB) rankings. It focuses on short and medium term reforms to be implemented for reducing time as well as costs associated with fulfilling regulatory requirements for firms. The focus on DB rankings will serve as an important signalling device to the international business community about government’s resolve of improving investment climate. A Virtual One Stop Shop (VOSS) for new business registration has been developed and made operational. A Physical One Stop Shop (POSS) has been established at Lahore while work is underway to establish a similar POSS at Karachi the government also made efforts to manage existing Public Sector Enterprises (PSEs) in a more efficient manner and has started implementing a holistic PSEs Reform Strategy.
Published in The Express Tribune, July 23rd, 2015.
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