GB to take up Asaan Karobar Act soon

The Gilgit-Baltistan Assembly is set to consider the Asaan Karobar Act in the near future, as the region seeks to simplify regulatory processes and foster business growth under the government's investment and business-environment reform initiatives. This announcement came during a meeting between Chief Minister Amjad Hussain and Secretary SIFC Jamil Ahmed Qureshi, who discussed investment facilitation, regulatory reforms, and strategies to boost economic activity in the area.

The SIFC briefed the chief minister on the government's primary objectives, which include promoting investment facilitation and regulatory reforms under the Asaan Karobar Act. This legislation aims to streamline procedures, encourage business development, and create a more favorable environment for investment and economic expansion across Pakistan.

Khyber Pakhtunkhwa province recently proposed the KP Aasan Karobar Act in its legislature on June 30, 2025. This act intends to establish, regulate, and oversee a centralized business facilitation portal to expedite regulatory approvals and improve ease of doing business in the province. During the meeting, discussions also centered on expanding industrialization in Gilgit-Baltistan and identifying investment opportunities via Special Economic Zones (SEZs).

The SIFC emphasized its role in assisting investors, coordinating with stakeholders, and supporting the creation of profitable investment prospects. The SIFC further affirmed its dedication to collaborating closely with the Gilgit-Baltistan government to unlock the region's investment potential, enhance the business environment, and assist investors through coordinated institutional backing.