Nawaz issues guidelines to facilitate domestic, foreign investment

ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif on Saturday issued guidelines to the administrative heads of all relevant divisions, attached departments and autonomous bodies aimed at facilitating the domestic & foreign investment; and setting up running businesses in Pakistan.

The prime minister directed that all federal ministries, their attached departments and autonomous organizations should prepare a comprehensive code of procedure which would be followed by applicants and investors for license, sanction or permission for investment or setting up business in Pakistan.

Furthermore, the prime minister directed that all such processes and transactions should be identified to streamline certifications, approvals, licenses, permits or similar instruments.

Nawaz Sharif further directed that all steps involved in the process should be clearly laid down so that investors should not face hindrances. He directed that specific timeframes should be adhered to while processing the applications and the applicants should be informed at each stage of the process.

The prime minister directed that flow charts depicting the steps, timelines and documentation requirements should be available for facilitation of investors. He also directed that the process devised for ease of business should be notified for public information.

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