KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Agha Shahab Ahmed Khan has urged the government to take concrete steps for simplifying the procedures of business startup.
Agha Shahab Ahmed Khan also urged the government that strategies for a startup should be defined and effectively implemented in such a manner that anyone looking forward to setting up a business succeeds in doing so within a day or two as being done in many countries around the world.
While sharing his opinion at the third meeting of the steering committee on the Pakistan Regulatory Modernization Initiative (PRMI) via video link, President KCCI requested the government to look for ways and means to reduce the number of departments as excessive departments create hurdles in way of simplifying procedures.
The policymakers must look into the possibility of providing a one-window facility which, if provided, would certainly encourage a lot of investors to come forward and invest in numerous sectors of the Pakistani market that offers lucrative opportunities, he added.
He was of the opinion that setting up a business was a really cumbersome procedure in Pakistan as it takes a lot of time to seek approval and fulfill the documentation procedures.
He was of the opinion that as Karachi Chamber better understands the business infrastructure, therefore a think tank should be established with the participation of relevant stakeholders including Karachi Chamber of Commerce, which was in a perfect position to give valuable inputs after evaluating the ground realities.
He underscored that all obsolete pre-partition legislations like the labor law should be reviewed and upgraded according to modern needs. The anomalies and complexities in the current legislative system should also be removed making it easy and comprehendible.
Agha Shahab said that the government must also look into the possibility of establishing incubators in close vicinity of industrial zones to promote entrepreneurship.
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