REMIT supported the BOARD OF INVESTMENT for a workshop on the Modernized Inspection Regime (MIR) for the Islamabad Capital Territory Administration (ICT) Administration.

On the direction of the Prime Minister of Pakistan, BOI is taking steps to facilitate businesses and investors in the country through regulatory reforms to modernize and revamp the existing regulatory regime.

Businesses in Pakistan face high costs of compliance and the Asaan Karobar Act recently approved by the Prime Minister is a step in the direction to facilitating businesses.

Focal Persons from federal ministries/departments, chambers, and the private sector attended the workshop.

The workshop focused on the existing inspection regime, e-authorization, international best practices in respect of inspection, and the possibility of merging and creating MIR for Islamabad with a client feedback mechanism.

Secretary, BOI, Raheem Hayat Qureshi and Additional Secretary, BOI, Ambreen Iftikhar addressed the participants adding that the recommendations of the workshop will be presented to the Prime Minister’s Office to explore the launch of MIR in Islamabad as a pilot case and then adopting the same by the provinces.