Seminar Highlights Collaborative Efforts for Regulatory Reforms in Pakistan.
Islamabad: A significant seminar organized by the Pakistan Regulatory Modernization Initiative (PRMI), named “Cross Fertilization of Reform Interventions,” took place in Islamabad today. Attended by representatives from various regions across Pakistan, the event provided a platform for discussions on the role of PRMI in advancing the country’s regulatory landscape.
The seminar aimed to foster collaboration among provinces and regions, allowing them to showcase achievements, share success stories, address challenges, and outline future plans regarding regulatory reforms.
DR Sohail Rajput, Secretary Board of Investment, opened the event by emphasizing the pivotal role of regulatory reforms in adapting to changing circumstances and optimizing governance structures. He highlighted the need to reduce unnecessary regulatory burdens and streamline business processes at provincial and local levels as Pakistan seeks to enhance its investment climate.
Secretary Rajput expressed gratitude for the participants’ presence, underlining the importance of discussing the evolving regulatory landscape in the country. In an era marked by rapid technological advancements and evolving societal expectations, he stressed that regulatory reforms are vital for fostering innovation and ensuring efficient functioning across public and private sectors.
Commending the diligent efforts of provincial and regional governments in the past year,DR Rajput acknowledged positive changes brought about through business reforms in various economic sectors. He emphasized the role of collaboration and knowledge sharing between provinces and regions to establish uniform best practices and ensure regulatory coordination across Pakistan.
“With continued support from our development partners like FCDO and ReMIT, I am confident that our collective efforts will make Pakistan an even more attractive destination for investment and business over the coming years,” said Secretary.
The seminar provided each province and region with the opportunity to present progress in areas like PRMI, key regulatory reform successes, ongoing challenges, and plans for the future. The collaborative approach outlined in the seminar is expected to expedite the reform agenda, contributing significantly to the attainment of Pakistan’s economic objectives in a shorter period.
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Dr Sohail concluded the event by expressing gratitude for the participants’ commitment to the agenda of regulatory reforms, highlighting the ongoing role of the Board of Investment as a platform for meaningful engagement between Federal and provincial governments. He expressed confidence that the collaborative approach will significantly expedite the reform agenda and help achieve economic objectives more efficiently.
