PM Approves Launch of Pakistan’s Largest-Ever Reform Program for Attracting Investments

Prime Minister Shehbaz Sharif has approved the launch of Pakistan’s largest-ever reform program for attracting investments and stimulating economic growth. This initiative will see the creation of the country’s first digital registry of laws for attracting foreign investment. Shehbaz has urged interested foreign organizations to finalize agreements swiftly. He thanked American development partnership institutions for their commitment to supporting the government’s economic reform agenda. To ensure the timely implementation of these reforms, the premier has established a dedicated committee on launching reforms in critical sectors during the first phase of the project. The Prime Minister has set a December 2024 deadline to integrate the most essential laws and regulations into the digital registry. During a meeting with key stakeholders, the project’s details and implementation timeline were reviewed. It was confirmed that the digital registry would consolidate all investment-related laws and regulations and eliminate unnecessary bureaucratic hurdles that have historically hindered business operations.