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Pakistani government establishes first-of-its-kind program to reinvent its economy: 'Meet global compliance and drive real, measurable ... benefits'

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The government spent two years developing this framework to match international standards. Pakistani government establishes first-of-its-kind program to reinvent its economy: 'Meet global compliance and drive real,
The Pakistani government has launched a pioneering initiative named the Pakistan Regulatory Modernization Initiative (PRMI) aimed at transforming its economy to meet global compliance standards and deliver tangible benefits. This program, supported by the World Bank, focuses on simplifying business regulations, enhancing transparency, and reducing the cost of compliance for businesses. PRMI seeks to overhaul the regulatory framework by streamlining processes, cutting down on bureaucratic red tape, and fostering an environment conducive to economic growth. It involves collaboration with various stakeholders including government bodies, private sector entities, and international organizations to ensure that reforms are both effective and sustainable. The initiative is part of a broader strategy to improve Pakistan's business climate, attract foreign investment, and promote economic stability and growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/pakistani-government-establishes-first-of-its-kind-program-to-reinvent-its-economy-meet-global-compliance-and-drive-real-measurable-benefits/ar-AA1wz1tQ ]