SIFC, World Bank discuss business facilitation reforms
With a focus on streamlining regulations and easing business-government interaction, the Special Investment Facilitation Council (SIFC) held talks with a World Bank delegation on key reforms. The meeting focused on the Asaan Karobar Framework, Regulatory Registry and Pakistan Business Portal, which are being pursued to simplify regulatory processes, improve coordination among relevant…
The Special Investment Facilitation Council (SIFC) met with a delegation from the World Bank to discuss business facilitation reforms in Pakistan. The talks centered on three key initiatives: the Asaan Karobar Framework, Regulatory Registry, and Pakistan Business Portal. These tools aim to simplify regulations, enhance coordination between government entities, minimize compliance burdens, and facilitate business-government interactions.
The Asaan Karobar Framework offers a structured approach to easing business-related regulations, while the Regulatory Registry strives to clarify and make regulatory requirements more accessible. Meanwhile, the Pakistan Business Portal serves as an integrated platform for businesses to engage with government institutions more efficiently.
The discussions also emphasized SIFC's holistic approach to business and investment facilitation, involving federal, provincial, and sectoral stakeholders to coordinate reform implementation. The World Bank delegation commended SIFC's inclusive strategy, especially its collaboration with provincial governments, and recognized the significance of coordinated actions to enhance the regulatory and business environment.
The World Bank pledged ongoing support for initiatives that bolster business facilitation and advance regulatory improvements, with the ultimate goal of fostering entrepreneurship, investment, and sustainable private-sector-led economic activity in Pakistan.
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