The federal government has tasked the Special Investment Facilitation Council (SIFC) with accelerating regulatory reforms aimed at improving Pakistan’s business environment and attracting greater investment.
The reforms, including the regulatory guillotine, are intended to reduce red tape, simplify licensing procedures and eliminate outdated or unnecessary compliance requirements that increase costs and create hurdles for businesses.
The regulatory reform framework was initially launched by the Board of Investment (BoI). However, its implementation faced delays due to coordination challenges and institutional bottlenecks.
Prime Minister Shehbaz Sharif has now assigned SIFC the responsibility of spearheading the reform process through its whole-of-government coordination mechanism.
The initiative will focus on simplifying business procedures, reducing unnecessary paperwork and removing redundant regulations to establish a more efficient and investor-friendly regulatory environment.
The government expects the reforms to lower the cost of doing business, improve regulatory efficiency and strengthen Pakistan’s attractiveness as an investment destination.
The move is part of broader government efforts to remove administrative barriers, improve ease of doing business and create a more conducive environment for both domestic and foreign investors.
