Islamabad: The Cabinet Committee on Regulatory Reforms (CCoRR), in its 16th meeting, reviewed Pakistan’s regulatory framework governing venture capital, with a focus on facilitating investment, improving the ease of doing business, and creating an environment conducive to industry growth.

According to Press Information Department, the Committee examined the draft Venture Capital Bill prepared by the Securities and Exchange Commission of Pakistan (SECP). Deliberations centered on identifying challenges affecting the venture capital ecosystem and exploring reforms to encourage greater participation by investors.

Three main areas were identified as needing attention: regulatory uncertainty and compliance burdens, high taxation rates, and foreign exchange repatriation requirements. The Committee tasked the Special Investment Facilitation Council (SIFC) and SECP with revising the draft bill through consultations with private-sector representatives and industry stakeholders. The revised draft will be presented at the next CCoRR meeting.

The Committee also reviewed progress on a broader regulatory reform agenda, directing SIFC to engage regulatory authorities to ensure timely implementation of outstanding reform commitments.