GB to take up Asaan Karobar Act soon

Business Recorder reported that the Gilgit-Baltistan Assembly is set to take up the Asaan Karobar Act in the near future. The step is intended to simplify regulatory procedures in the region and make it easier for businesses to operate. It forms part of a broader federal agenda on investment and business-environment reforms.

The update came from a meeting in which Chief Minister Amjad Hussain met SIFC Secretary Jamil Ahmed Qureshi to discuss investment facilitation and economic activity in the territory. According to a statement issued on Wednesday, the talks also covered industrial development in Gilgit-Baltistan and opportunities for investment through Special Economic Zones. SIFC said it would coordinate with stakeholders to support commercially viable projects.

The Asaan Karobar initiatives include federal and provincial laws along with financial and tax schemes meant to simplify business processes. Khyber Pakhtunkhwa introduced a draft KP Aasan Karobar Act, 2025, on June 30, 2025, which proposes a one-window portal for regulatory approvals. The SIFC has pledged to coordinate with the Gilgit-Baltistan administration to build a stronger business environment.