Foreign and local investors demand ease in the registration of businesses in order to invest in any given business. Keeping this in mind, the Board of Investment (BOI) has launched three platforms in order to provide investors with ease in the registration of business for zone enterprises. The platforms will also provide a comprehensive database of the existing and potential investors.
The three platforms include Pakistan Regulatory Modernization Initiative Strategy (PRMI), Special Economic Zone Management System (SEZMIS), and Investor Relationship Management System (IRMS). The launch of these platforms was headed by officials from the World Bank Pakistan and British High Commissioner to Pakistan.
According to the Secretary of the Board of Investment, Fareeha Mazhar, the aim of these platforms is to gradually transition from a paperwork-dependent business environment to a completely paperless society. It will not only reduce the compliance burden for existing businesses but also manage to attract new foreign and local clients.
Experts in the e-commerce and business sector of Pakistan have expressed satisfaction with the government’s plan to accelerate private sector growth through digitization and reformation of the digital regulatory space.