Razak appreciates launching of PRMI reforms for EODB

Razak Dawood tested positive for COVID-19

ISLAMABAD, Jun 16 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday appreciated the Board of Investment (BOI) for launching Regulatory Modernization Initiative Strategy (PRMI) reforms for enhancing the Doing Business (EODB) at gross root level industries.

The BOI has launched Regulatory Modernization Initiative Strategy (PRM) reforms to further strengthen the business atmosphere and reduce compliance burden, aim to make the regulatory environment business friendly and provide EODB to local and foreign investors, the adviser said this on his official twitter account.

The Adviser said that these reforms are also effective on the Economic Zone Management System (SEZMIS) and Investor Relationship Management System (IRMS) with Public and Private Partnership.

He said that all the stakeholders need to join hands for ensuring the success of digital reform and it will benefit the business community.

“I also congratulate the BOI team for their efforts and commitment “he said.
Razak Dawood said that the Ministry of Commerce is glad to share that the State Bank of Pakistan (SBP) proposed revision in the regulatory framework for exporters to facilitate them with exports goods through digital platforms such as Amazon, Ebay and Ali Baba under B2B and B2C.

He said this model will aim at promoting ease of doing business, especially transaction issues.

“I would like to express gratitude to SBP for their swift response and contributions.