Pakistan\'s quiet regulatory revolution

Last week's launch of a wide-ranging regulatory reform initiative may prove to be one of the most consequential economic reforms in decades. This is not about marginal adjustments. It marks a fundamental shift in how the state views its role, from controlling economic activity to enabling it. If carried through with seriousness and vigour, these reforms could unlock investment, create jobs, and place Pakistan on a more durable growth path. For years, Pakistan's economy has been constrained by an excess of rules, permits and approvals. Starting or expanding a business has often meant navigating multiple offices, unclear procedures and prolonged delays. Exporters and manufacturers face layers of compliance that add cost without adding value.