PM Imran orders cutting down bureaucratic red-tapeism to boost business opportunities

ISLAMABAD: Prime Minister Imran Khan on Wednesday ordered cutting down bureaucratic red-tapeism that hinders economic growth during a session aimed to ponder efforts to boost business opportunities in Pakistan.

In the meeting that PM Imran chaired, suggestions and opinions to bolster business opportunities in the country were analysed. The premier decided to remove unnecessary legalities, rules, and regulations that hurdle the growth of business and commerce.

PM Imran also advised cutting down the red-tapeism and bureaucratic approvals required for businesses to be set up and progress. Information technology (IT), he added, also need to be strengthened in order to assist business and economic activities.

Among the attendees were the prime minister's advisors on commerce, textiles, industries production, & investment, and institutional reforms & austerity of Pakistan, Abdul Razak Dawood and Dr Ishrat Hussain, respectively, as well as Punjab's Information and Culture Minister Mian Muhammad Aslam Iqbal.

The meeting's participants agreed upon introducing laws paving way for easier processes to set up and register new businesses. PM Imran also directed that weekly meetings of provincial authorities and institutions be held to help in achieving the goal.

The Punjab government should prepare a list of proposals to augment business opportunities through IT, the premier advised, adding that he appreciated the idea to set up industrial zones in the province.

PM Imran said he would lead efforts and activities aimed to grow businesses in Pakistan himself. Such measures would help improve the country's global ranking, he added.