Pun­jab ac­tively re­mov­ing hur­dles in ease of do­ing busi­ness

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LA­HORE—Pun­jab is ac­tively re­mov­ing hur­dles in ease of do­ing busi­ness as it is ex­pect­ing huge in­vest­ments af­ter up­grad­ing its nec­es­sary in­fra­struc­ture and con­nect­ing to state-ofthe-art in­dus­trial es­tates es­tab­lished through­out the prov­ince. Pun­jab Chief Min­is­ter Shah­baz Sharif has con­sti­tuted a steer­ing com­mit­tee on ease of do­ing Busi­ness in Pun­jab to sub­mit its first rec­om­men­da­tions by May 23. The com­mit­tee was formed af­ter the La­hore Cham­ber of Com­merce and In­dus­try made a pre­sen­ta­tion to the Chief Miniter Pun­jab on change/ im­prove­ment in reg­u­la­tions both at provin­cial and fed­eral level that would ex­pe­dite many ap­provals needed by an en­tre­pre­neur for start­ing a busi­ness. The CM was in­formed that Pak­istan’s rank­ing in World Bank’s Ease of Do­ing Busi­ness in­dex could im­prove from cur­rent 138 to 50 with some mi­nor ad­just­ments in rules and close co­or­di­na­tion of var­i­ous gov­ern­ment de­part­ments. Pun­jab Fi­nance Min­is­ter will be the con­vener of the steer­ing com­mit­tee that also in­cludes LCCI se­nior Vice Pres­i­dent Al­mas Hy­der as a mem­ber along with Chief Sec­re­tary, Chair­man P&D Board, Sec­re­tary In­dus­tries, Com­merce & In­vest­ment, Se­cr­tary Labour, Sec­re­tary LG & CD, Sec­re­tary En­ergy, Spe­cial Sec­re­tary Fi­nance, Chair­man PBIT, Chair­man PITB, Chief Ex­ec­u­tive Of­fi­cer, PBIT, Di­rec­tor General, LDA, Chair­man and Pun­jab Rev­enue Author­ity. The Pun­jab gov­ern­ment would im­ple­ment the rec­om­men­da­tions con­cern­ing provin­cial rules and reg­u­la­tions im­me­di­ately and ap­proach the fed­eral gov­ern­ment where the changes or im­prove­ments are re­quired at the fed­eral level.

LA­HORE: Fed­eral Min­is­ter for Pe­tro­leum and Natural Re­sources, Shahid Khaqan Ab­basi ad­dress­ing the con­fer­ence dur­ing the 14th POGEE Pak­istan-2016 at the Expo Cen­tre.

SIALKOT: Sheikh Aman­ul­lah COO ZTBL ad­dress­ing to Man­agers meet­ing.

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