ISLAMABAD: Federal Secretary, Board of Investment (BOI), Fareena Mazhar on Monday said Pakistan Regulatory Modernization Initiatives (PRMI) was a key initiative of the government for the modernization and regulation of local business for providing a conducive business environment in the country.
Implementation of these reforms, initiated by BOI, was part of the broader strategy of the government aimed at improving productivity and enhancing exports to achieve the objective of sustainable economic growth in the country, Secretary BOI, Fareena Mazhar told.
The Secretary BOI said main objective of PRMI reforms strategy was to improve the entry and operation environment for business, focusing on the simplification and automation of the regulatory framework at all three government levels including federal, provincial and district level.
She said the vital success indicator of the initiative would be increase in the overall private sector and foreign direct investment level without compromising the effectiveness of the various regulatory regimes.
Fareena Mazhar said enabling a business environment played a pivotal role in attracting domestic and foreign investment. She said all over the world, the emphasis was on improving the business climate. APP
