On Monday, the Board of Investment (BoI) decided to launch three platforms to provide local and foreign investors ease of online registration for zone enterprises as well as a comprehensive database of existing and potential investors that will increase business activities.
The three platforms including Pakistan Regulatory Modernization Initiative Strategy (PRMI), Special Economic Zone Management System (SEZMIS) and Investor Relationship Management System (IRMS) were launched by World Bank Country Director Najy Benhassine, British High Commissioner to Pakistan Christian Turner and Senior Private Sector Specialist IFC Charles Schneider respectively.
While briefing the objectives of the platforms, BoI Secretary Fareena Mazhar stated the aim was to go for gradual transition to a paperless environment that will reduce the compliance burden for businesses.
Secretary-General Overseas Investors Chamber of Commerce & Industry Abdul Aleem and CEO Pakistan Business Council Ehsan Malik in their remarks expressed satisfaction with the government’s direction for the acceleration of private sector growth through digitization and reformation of the regulatory landscape.
