SIFC, World Bank discuss reforms to simplify business regulations

Talks between the Special Investment Facilitation Council (SIFC) and the World Bank focused on easing Pakistan's business rules and lowering compliance costs, Mettis Global reported. The SIFC Secretary sat down with a World Bank delegation to review changes under the Ease of Doing Business framework and the Pakistan Business Portal, according to Radio Pakistan. The World Bank praised the council's broad approach and pledged to keep cooperating on the reform agenda.

Discussions centred on simplifying procedures, cutting the administrative load on firms and making government requirements easier to navigate for investors. The proposals are meant to streamline business processes and remove unnecessary procedural obstacles. The Pakistan Business Portal is part of a wider push to improve how companies interact with state institutions and access regulatory services.

This meeting is one step in the council's wider drive to make Pakistan a more attractive place for local and overseas capital. The measures are framed as a way to bring greater predictability to business processes and reduce the time and resources firms spend on compliance.