Operators and businesses interested in establishing Special Economic Zones (SEZs) in Pakistan can now register online and have their applications reviewed fast.
Pakistan’s Board of Investment (BOI), in collaboration with the IFC and the World Bank, unveiled the SEZs’ e-services portal—Pakistan Regulatory Modernisation Initiative (PRMI) and Investors Relationship Management System (IRMS)—on Monday, marking a watershed moment.
These activities are part of an IFC programme that focuses on boosting federal and provincial BOIs’ ability to provide services to investors, improve Pakistan’s image, and promote Pakistan as an investment destination.
Operators and enterprises interested in creating SEZs in Pakistan can now register online and have their applications reviewed quickly.
On Monday, Pakistan’s Board of Investment (BOI) inaugurated the SEZs’ e-services portal—Pakistan Regulatory Modernisation Initiative (PRMI) and Investors Relationship Management System (IRMS)—in conjunction with the IFC and the World Bank, marking a watershed moment.
These initiatives are part of an IFC initiative aimed at improving the capabilities of federal and provincial BOIs to provide services to investors, as well as improving Pakistan’s image and promoting the country as an investment destination.
Operators and enterprises interested in creating SEZs in Pakistan can now register online and have their applications reviewed quickly.
On Monday, Pakistan’s Board of Investment (BOI) inaugurated the SEZs’ e-services portal—Pakistan Regulatory Modernisation Initiative (PRMI) and Investors Relationship Management System (IRMS)—in conjunction with the IFC and the World Bank, marking a watershed moment.
These initiatives are part of an IFC initiative aimed at improving the capabilities of federal and provincial BOIs to provide services to investors, as well as improving Pakistan’s image and promoting the country as an investment destination.
“Through automation, PRMI will make a significant contribution to long-term regulatory reforms and the integration of compliance at the federal and provincial levels. According to Najy Benhassine, World Bank Country Director for Pakistan, “it will assist simplify and standardise regulatory system across Pakistan.”
“With the creation of the Pakistan Business Portal, the automation of regulatory service delivery would further minimise the requirement for firms to visit different offices for regulatory compliance,” he added.
To help Pakistan attract additional investment, the IFC has been hosting capacity-building courses for BOI and KP-BOIT officials. It held a training course called “Investment Promotion for Direct, Measurable Impact,” in which participants learned how to promote investments that have a direct and measurable impact.
BOI workers were able to develop a more methodical approach to identifying investment leads, tracking them, and ensuring good follow-up as a result of the two-month training.
Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity Government of Pakistan, Nadeem Siddiqui, Senior Country Manager IFC, Najy Benhassine, Country Director World Bank Group, Najy Benhassine, British High Commissioner to Pakistan, Christian Turner, and Federal Secretary BOI, Fareena Mazhar, were among those who attended the launching event.
Source: propakistani.pk
