Asaan Karobaar

Pakistan Regulatory Modernization Initiative is a national effort towards improving business regulation. It is helping to consolidate various sector level business registrations including for investing in information technology sector through e-Services portal of the Securities and Exchange Commission of Pakistan. The integration will be instrumental in harnessing the country’s potential to attract local and foreign investment by enabling and reducing the hassle to comply with regulations for registering a business. The one-window registration of businesses will greatly help reduce the time and cost of incorporating a business. It will bring in more investment in all sectors of the economy. Simplifying and digitalizing business registration will help to build and restore the investors’ confidence, facilitate investment and encourage private sector business activities. Pakistan is gradually reforming its investment climate and making significant progress. Integration of business registrations for starting a business is another milestone. The Securities And Exchange Commission Of Pakistan, Pakistan Engineering Council, Pakistan Software Export Board and Special Technology Zones Authority - STZA are working tirelessly for facilitating businesses and building investor confidence.

World Bank is organizing a four day Peer Knowledge Exchange
session on China’s Experience in Business Regulatory Reforms for over 100 government regulators from Pakistan, Ethiopia and Mozambique. Addressing the opening ceremony, Secretary, Board of Investment, Ms. Fareena Mazhar shared Pakistan’s performance in WB Ease of Doing Business Report and implementation of 120 regulatory reforms under Pakistan Regulatory Modernization Initiative (PRMI).

She expressed gratitude to World Bank and Chinese government for providing an opportunity to learn from their experience. She stressed the need to make Pakistan’s reform drive even more robust and hoped that Chinese experience will be instrumental in this regard. The knowledge exchange session will focus on business entry & licensing reforms, electricity connection, tax payments & digital technology.

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Pakistan Institute of Development Economics-PIDE has issued impact assessment report on the implementation of net metering reform by NEPRA on recommendation of Board of Investment. The report reveals that facilitation in availing net metering facility will result in annual saving of more than Rs. 350 Million.

BoI led reforms drive is aimed at creation of an enabling business climate that will reduce regulatory burden on businesses and support SME growth.


Government of Pakistan Associated Press of Pakistan Siasat.pk UrduPoint.com Radio Pakistan News PTV News World Bank South Asia International Finance Corporation - South Asia World Bank IFC - International Finance Corporation Renewable & Alternative Energy Association of Pakistan (REAP) REMIT Pakistan USAID Pakistan ProPakistani Startup Pakistan Foreign, Commonwealth & Development Office

Availing of the Net-metering Facility: Impact of BOI’s reforms – PIDE The world is now transiting from fossil fuels to clean and environment-friendly energy generation. Societies are shifting toward renewable energy sources, such as Photovoltaic (PV) and wind power generation, to meet their energy demands. The government of Pakistan is also taking drastic measures to....

Board of Investment held 1st meeting of the Working Group on National Pharmaceutical Investment and Growth Strategy. Members of the working group from public sector i.e. Emerging Pakistan, Drug Regulatory Authority of Pakistan - DRAP, development partners including World Bank Pakistan, International Finance Corporation - South Asia, Foreign, Commonwealth & Development Office, USAID Pakistan, REMIT, USAID funded PQM + Program led by U.S. Pharmacopeia & Pakistan Institute of Development Economics-PIDE deliberated on formulation of a common framework that will address key areas including international standards compliance, quality assurance, certification by international bodies, adoption of best practices & enhancing manufacturing capabilities. Additional Secretary BoI, Mr. Mukarram Jah Ansari said that BoI along with stakeholders is focused on making an actionable strategy that will facilitate sector growth.

Secretary BoI, Ms. Fareena Mazhar in her closing remarks appreciated efforts of all stakeholders for working towards leveraging true potential of the sector and assured of BoI’s maximum support in materializing local & foreign investments in the sector.
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Team Leader Asaan Karobaar Program/Additional Secretary, BoI, Mr. Mukarram Jah Ansari addressed a session at Pakistan Institute of Development Economics-PIDE to brief about BoI led reform journey. He shared that Pakistan Regulatory Modernization Initiative (PRMI) is a second generation reform drive that is focused on modernizing the regulatory landscape through smart regulations, use of technology for G2B interactions and formalizing regulatory guidelines for regulators.

He further said that impact evaluation of reforms by PIDE is proof that reduction in regulatory burden benefits businesses in terms of hassle, cost and time. Mr. Ansari expressed hope for a long term working relationship with PIDE.
Associated Press of Pakistan Siasat.pk UrduPoint.com Government of Pakistan ProPakistani

The reforms implemented by NEPRA on recommendation of Board of Investment are benefitting SMEs.

Pakistan Institute of Development Economics(PIDE),Islamabad Associated Press of Pakistan Siasat.pk UrduPoint.com World Bank Pakistan International Finance Corporation - South Asia USAID Pakistan

Climate change: speakers highlight importance of renewable energy ISLAMABAD: There is huge transition from fossil fuel to environment-friendly energy generation which overall will...

Pakistan Institute of Development Economics-PIDE & Board of Investment held a webinar to present impact assessment of regulatory reforms related to net metering implemented by NEPRA on the recommendation of BoI. The removal of the requirement of installation of normal 3 phase meter before applying for net metering system has reduced cost of Rs.180 million annually while the elimination of license by NEPRA for solar power generation upto 25 KW for connectivity through net metering has contributed in reduction in cost of Rs.170 million for consumers. It has also significantly reduced processing time.

Stakeholders from the public & private sector engaged in a constructive discussion on existing issues and way forward. The participants also appreciated work being done by BoI, NEPRA & Alternative Energy Development Board - AEDB for improving business climate via regulatory ease. Additional Secretary BoI, Mr. Mukarram Jah Ansari acknowledged the valuable work by PIDE that validates the importance of the reform drive for improving Pakistan's business climate.

Government of Pakistan Ministry of Information and Broadcasting, Pakistan Associated Press of Pakistan Siasat.pk UrduPoint.com Digital Media Wing Pakistan ProPakistani Startup Pakistan PTV News Radio Pakistan News Renewable & Alternative Energy Association of Pakistan (REAP)

Secretary BoI, Ms. Fareena Mazhar chaired 1st meeting of the Investment Working Group for Revenue Mobilization Investment & Trade (REMIT) Program. The session was attended by representatives of International implementation partners from World Bank Pakistan, International Finance Corporation - South Asia, USAID Pakistan, UK in Pakistan as well as federal government departments & provincial investment boards.

The working group has been constituted to support the reform drive with focus on sustainability and favorable impact on business environment. Ms. Fareena emphasized the need of devising a focused strategy that will enable achievement of set goals and deliverables.

Additional Secretary BoI, Mr. Mukarram Jah Ansari said that a unified approach of all stakeholders will further strengthen the ongoing reform drive. He also appreciated REMIT for their active engagement and support.

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Overview of the reform drive by Team Leader, Asaan Karobaar Program/ Additional Secretary, Board of Investment, Mr. Mukarram Jah Ansari

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