Radical changes required in govt regulations to facilitate investors: PM

Radical changes required in govt regulations to facilitate investors: PM

ISLAMABAD, May 3 (APP):Prime Minister Imran Khan on Friday said radical changes were required in the government regulations to facilitate investors and eliminate cumbersome procedures involved in doing business in the country.

The prime minister was talking to former Malaysian minister Idris Jala, who called on him here at the PM Office. 

Imran Khan said the public-private-partnership was being encouraged in all sectors so as to reduce the burden of expenditure on the government.

Advisor on Finance Dr Abdul Hafeez Sheikh, Advisor on Commerce Abdul Razak Dawood and Advisor on Establishment Muhammad Shehzad Arbab, Country Director World Bank Patchamuthu Illangovan and senior officials were also present during the meeting.

Idris Jala presented proposals for transforming and achieving successful results in the priority areas of the government’s development agenda including revenue, exports, investment, housing, digitization and tourism.

The prime minister appreciated the proposals and emphasized that the government was focusing on ease-of-doing-business to attract and facilitate investors. To that end, the government had already completed ground work, he said. 

He directed the officials concerned to hold meetings with Idris Jala and his associates to undertake effective planning for the priority sectors of the government’s development and institutional transformation agenda.

Idris Jala has served as the minister in the Malaysian Prime Minister’s Department and as the chief executive officer of the Performance Management and Delivery Unit, the unit tasked with spearheading Malaysia’s transition towards high income status by 2020.

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