104 regulatory proposals to ease business climate

The Cabinet Committee on Regulatory Reforms concluded a series of meetings on Thursday, finalising the first package of reforms aimed at reducing compliance burdens, eliminating outdated procedures, and improving the ease of doing business. Chaired by Minister for Investment Qaiser Ahmed Sheikh, the committee held three meetings to review 136 reform proposals submitted by the Board of Investment (BoI). Of these, the Cabinet Committee for Implementation approved 104 proposals. According to a BoI press release, the approved reforms include eliminating 19 redundant regulatory requirements and streamlining 57 procedural steps through simplification, digitalisation, and modernisation to enhance transparency and service delivery. Once implemented, the reforms are expected to reduce costs, shorten approval timelines, and create a more business-friendly regulatory environment.