Islamabad, Federal Minister for Investment Board, Privatization and Communications, Abdul Aleem Khan, outlined a new strategy to foster business growth and investor confidence in Pakistan. During a high-level meeting focused on “Ease of Doing Business,” Minister Khan emphasized the development of a coordinated system across provincial lines to secure investor protection and satisfaction.
According to Press Information Department, the meeting saw participation from Federal Finance Minister Muhammad Aurangzeb, Federal Commerce Minister Jam Kamal Khan, and Prime Minister’s Advisor Rana Ehsan Afzal, along with several federal secretaries and the Chairman of the Securities and Exchange Commission of Pakistan (SECP). Minister Khan stressed the necessity of legislative consultations with provinces and the importance of provincial enactments to create a more favorable investment environment. He also noted that the Chief Ministers of all four provinces would be consulted to ensure comprehensive coordination.
Minister Khan highlighted that the proposed reforms, aimed at rectifying existing system flaws and facilitating business operations akin to developed nations, will soon be presented to the Prime Minister for final approval. These reforms are intended to streamline procedures, especially in Special Economic Zones, and to adopt modern methods to enhance the country’s growth rate.
The meeting concluded with assurances from senior officers across various federal and provincial departments, who committed to prompt action as needed. Additionally, Minister Khan’s recent discussions with the Honorary Investment Consul of China, Mr. Lei, were mentioned, focusing on enhancing trade volumes and cooperation between Pakistan and China through initiatives like the China-Pakistan Economic Corridor (CPEC).