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ISLAMABAD, Nov 27 (APP):Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan Thursday highlighted the efforts being accelerated on special directives of the Prime Minister to make the regulatory system business-friendly by removing unnecessary restrictions.
“The vision of Prime Minister Shehbaz Sharif is to restore investor confidence and stimulate economic activity,” he said while chairing a meeting of the Regulatory Reforms Sub-Committee to review reform measures concerning listed companies.
Representatives from the SECP, State Bank of Pakistan, and the Board of Investment, including Scott Jacob, attended the meeting.
The committee held a detailed discussion on reform strategies for listed companies, expressing concerns over Pakistan’s weak stock market performance, the limited scale of listed companies, and their low contribution to GDP.
Now, the SAPM said, the PM’s vision was becoming a reality through regulatory improvements that will promote business and investment, a news release said.
He further noted that reforms have been designed based on global best practices, focusing on less regulated, high-performance models with minimal restrictions, aimed at strengthening compliance mechanisms while encouraging operational flexibility.
“These reforms will reduce compliance pressures on businesses and help implement better regulatory standards.
By adopting globally recognized, high-performance models with fewer restrictions, we aim to address structural challenges of listed companies,” he added.
Haroon Akhtar stressed that the regulatory system was being simplified and made more efficient to support investment growth.
The reforms were developed in consultation with the private sector to promote sustainable economic development.
He said alignment with international benchmarks would strengthen Pakistan’s capital market framework, advancing corporate sector modernization and facilitating a more conducive business environment.