Islamabad: The 7th meeting of the Cabinet Committee on Regulatory Reforms was chaired by Federal Minister for Board of Investment, Qaiser Ahmed Sheikh, to review the progress on implementing regulatory reforms aimed at improving the ease of doing business in Pakistan. Senior officials from relevant ministries and departments, including Additional Secretary Board of Investment Zulfiqar Ali, attended the meeting.

According to Press Information Department, the meeting focused on assessing the implementation status of reforms and identifying areas needing urgent attention. Of the 410 endorsed reforms, a substantial number have been implemented, 264 are on track, while 67 were identified as off-track and were examined in detail.

The Committee addressed previously contested decisions and reviewed their status, noting encouraging progress, though some reforms require renewed focus for timely implementation. Key areas discussed included regulatory simplification, digitalisation, and removal of unnecessary procedural requirements. The meeting emphasized rationalizing redundant permits, particularly those related to exports, while maintaining quality standards for importing countries.

Reforms in broader regulatory sectors were reviewed, focusing on streamlining procedures and enhancing institutional efficiency. Discussions included eliminating trade licensing at the municipal level and reforms concerning the Pakistan Tobacco Board. Proposed amendments related to the State Bank of Pakistan were also considered for clarity and effective implementation.

Federal Minister Qaiser Ahmed Sheikh, referring to his recent UK visit, highlighted international stakeholders’ acknowledgment of Pakistan’s reform trajectory and improved business climate. He noted significant improvements in Pakistan’s global perception, with both international investors and domestic business communities recognizing the government’s efforts to eliminate unnecessary hurdles.

The Federal Minister emphasized that under Prime Minister Shehbaz Sharif’s leadership, the government is promoting ease of doing business through comprehensive reforms. He directed stakeholders to expedite implementation, remove bottlenecks, and prioritize digitalisation to enhance efficiency and transparency. He appreciated the progress and urged continued dedication and commitment.

The meeting was briefed by the SMART project team, which plays a pivotal role in overseeing reforms through structured monitoring. The Board of Investment reaffirmed its commitment to advancing the regulatory reform agenda in coordination with stakeholders to ensure sustainable economic growth and an improved business environment in Pakistan.