The Pakistani government is set to launch a major initiative aimed at modernizing business regulations and fostering a more investment-friendly environment.
This initiative, aligned with the World Bank’s Digital Economy Enhancement Program (DEEP), will see the creation of the Pakistan Business Portal (PBP). This platform aims to revolutionize how businesses interact with government agencies at all levels – federal, provincial, and municipal.
Sources from the Ministry of IT and Telecom highlight the PBP as the cornerstone of the DEEP program. The portal is designed to streamline regulatory processes and make it easier for businesses to operate in Pakistan. Its focus will be on simplifying and digitizing compliance procedures, ultimately accelerating national digital transformation and economic growth.
The initial phase involves a comprehensive review of registrations, certificates, licenses, and other regulatory requirements across roughly 800 government agencies. This review will identify areas for improvement and pave the way for reforms to enhance the business environment.
To oversee the DEEP program’s development and implementation, an interim Project Management Unit will be established within the Ministry of IT and Telecom. This unit will ensure the project runs smoothly and meets established deadlines and objectives.
The international community’s commitment to Pakistan’s digital transformation is evident in the $149.7 million financing package approved by the World Bank’s Board of Executive Directors. A significant portion of these funds will be allocated to the PBP’s development, allowing the government to leverage digital platforms for greater efficiency and wider access to services in the business sector.
DEEP goes beyond regulatory modernization. The initiative also includes innovative solutions like the Civic Innovation and Technology Labs (CITL) program. This program aims to utilize open government data to foster innovation and entrepreneurship.
