Islamabad: The 12th meeting of the Cabinet Committee on Regulatory Reforms (CCoRR) took place in Islamabad, chaired by Federal Minister for Board of Investment, Qaiser Ahmed Sheikh. The assembly aimed to evaluate the progress on 558 endorsed regulatory reforms, revealing that while 76 have been implemented, 243 remain off track. Senior officials, including the Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, and Federal Minister for Commerce, Jam Kamal Khan, were in attendance.

According to the Press Information Department, Minister Sheikh underscored the necessity of prioritizing deregulation to enhance ease of doing business and attract investment. He noted the importance of addressing delays and bottlenecks in reform execution. SAPM Khan proposed a 30-day deadline for off-track reforms, emphasizing accountability to the Prime Minister. Commerce Minister Khan advocated for an executive-level dashboard for real-time monitoring of reform implementation.

The meeting scrutinized various departments with delayed reforms, notably highlighting the Capital Development Authority (CDA) with 18 out of 19 reforms pending. The Pakistan Tobacco Board contested the removal of tobacco export permits due to international treaty obligations. Departments such as the Securities and Exchange Commission of Pakistan and the State Bank of Pakistan were also reviewed, with directives for expedited processes.

The Committee reiterated Prime Minister Shehbaz Sharif’s commitment to improving Pakistan’s business climate through effective regulatory reforms. The session concluded with a call for accountability and alignment with the government’s vision for a business-friendly environment, with the Board of Investment pledging continued support for investor facilitation and economic growth.