ISLAMABAD (Dec 13) – The Cabinet Committee on Regulatory Reforms Sub-Committee proposed over 280 amendments to reduce compliance burdens on private sector firms, and the simplification of outdated resolutions and approvals in Companies Act 2017.
Recent IMF released on Thursday stated that government pledged that legislative amendments to the Companies Act will be submitted to parliament to strengthen corporate governance and transparency for both listed and unlisted companies by end June 2026. These reforms will help modernize the corporate business environment and better align the legal framework with international standards.
The IMF emphasised that the envisaged legislative amendments to the SEZ Act and the review of the Companies Act could significantly enhance the business climate and governance standards.
On Saturday, Special Assistant to the Prime Minister Haroon Akhtar during launching of a Regimeter, a dedicated portal for monitoring of reforms ceremony held at Prime Minister’s House said that the substantial achievements includes a comprehensive review of the Companies Act 2017, over 280 proposed amendments to reduce compliance burdens on private sector firms, and the simplification of outdated resolutions and approvals. He reaffirmed that regulatory reform remains central to restoring Pakistan’s industrial competitiveness and unlocking investment potential.
Prime Minister launches Regimeter for monitoring and sharing of regulatory reforms; calls it a quantum leap for improving investment climate in Pakistan.
The portal not only tracks the implementation of each regulatory reform endorsed by the Cabinet Committee on Regulatory Reforms but also provides a window for feedback for the private sector. The event was attended by the Deputy Prime Minister, federal ministers, representatives of public and private sectors. The UK Minister of International Development, Baroness Jennifer Chapman was also one of the key speakers at the event.
The premier emphasized that Pakistan must fully embrace digitization across all regulatory processes to compete globally. He also acknowledged the continued support of the United Kingdom through FCDO’s Revenue Mobilisation, Investment and Trade programme in advancing Pakistan’s reform agenda and strengthening institutional capacity. ends
