Pakistan Regulatory Modernization Initiative (PRMI) was envisaged and established in a meeting held under the Chairmanship of Honorable Prime Minister of Pakistan 24-June-2019. A Steering Committee on PRMI was constituted under the Chairmanship of the Adviser to Prime Minister on Commerce and Investment. The Steering Committee comprises members from key stakeholders from Public and Private Sectors. Board of Investment is designated as the Secretariat of the Steering Committee on PRMI.
A project for all- inclusive regulatory reforms with far-reaching impact is being launched under the banner of “Pakistan Regulatory Modernization Initiative (PRMI)”. This project envisages the stocktaking of all regulations relating to establishment and operations of businesses at Federal, Provincial and Local Government Levels with the intent of eliminating non-critical requirements as well as simplifying and automating the essential ones. A major deliverable of this project is the establishment of an online “One Stop Shop” by the name of “Pakistan Business Portal”. This will enable businesses to find regulatory requirements, in respect of different sectors, submit their applications electronically and also pay the fees/charges online to obtain required licenses/permits.
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