Registration Fee of Labor Departments of Sindh and Punjab Waived Off
|Reform Description||All Businesses are Required to Register Themselves with Respective Labor Departments
Before: The process of labor registration, particularly processing of, the process of registration was taking around 7 days and payment of fee was also a burden for small businesses. Payment of fee took 4-5 days.
After: Waiver of registration fee has now made it easy for Companies to register in one day with all relevant departments. Governments of Punjab and Sindh waived off registration fee of PKR 1,000 to reduce cost and time of business.
|Sector||Business in All Sectors|
|Beneficiaries||Limited Liability Company (LLC)|
|Jurisdiction/Location||Sindh, and Punjab|
|Department||Security and Exchange Commission of Pakistan, Labour & Human Resource Departments of Punjab and Sindh.|
|Date of Implementation||28-04-2020|
|Details||Difficulty||● Businesses were being registered with all relevant departments in one day except Labor Departments of Punjab and Sindh. The process of registration with these departments was being completed in more than a week because of the fee processing.|
|● The reforms for waiver of fee were discussed by BoI, with Labor Departments of Punjab and Sindh. It was consented that since the fee is of minimal amount (PKR 1,000) and if it is abolished, there will not be much loss of revenue.|
|Solution||● After detailed deliberations with departments concerned, the reform for waiver of fee was agreed upon to reduce time and cost of businesses and the same was implemented in April, 2020.
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