Secretary Board of Investment, Sohail Rajpot has expressed the paramount importance of regulatory reforms in adapting to changing circumstances and optimizing governance structures.

He was addressing a seminar in Islamabad today that was organized by ReMIT to discuss the Pakistan Regulatory Modernization Initiative and its pivotal role in enhancing the regulatory landscape of the country.

The event served as a platform for provinces and regions to showcase progress, share successes, address challenges, and outline future plans regarding regulatory reforms.

Addressing the audience of the seminar, Secretary Sohail Rajpot expressed gratitude for their presence and underscored the importance of the gathering, emphasizing the need to discuss the evolving regulatory landscape in the country.

He highlighted that in an era marked by rapid technological advancements, shifting economic landscapes, and evolving societal expectations, regulatory reforms have gained paramount significance.

Such reforms are deemed vi
tal for adapting to changing circumstances, fostering innovation, and ensuring the efficient functioning of both public and private sectors.

Acknowledging the diligent efforts of provincial and regional governments in the past year, he commended positive changes brought about through business reforms in various economic sectors.

The Secretary stressed the role of reducing unnecessary regulatory burdens and streamlining business processes at the provincial and local levels to enhance the investment climate in Pakistan.

Source: Radio Pakistan