ISLAMABAD: A one-day workshop on Modernized Inspection Regime (MIR) was conducted by the Board of Investment for the Islamabad Capital Territory (ICT) Administration, in response to the Prime Minister of Pakistan’s directives to ease business and investor conditions in the nation through regulatory changes.
In his address to the workshop, Mr. Abdul Aleem Khan, the Minister for Investment, emphasized the need of a Modernized Inspection Regime and the necessity of revamping the nation’s current inspection system.He noted that companies in Pakistan have to pay a lot of money for compliance and that it is vital to make sure that it is simple for them to function.
He went on to say that another move in that direction is the Asaan Karobar Act, which the prime minister recently passed.Attending the workshop were focal persons from the private sector, including FPCCI, ICCI, RCCI, IWCCI, and PBC, as well as federal ministries and departments, ICT, MCI, CDA, and IHRA.
The current inspection regime, e-authorization, worldwide best practices for inspections, and the potential to combine and establish a Modernized Inspection Regime for Islamabad with a client feedback mechanism were the main topics of discussion at the session.
The workshop’s participants were also addressed by BOI Secretary Raheem Hayat Qureshi and Additional Secretary Ambreen Iftikhar. They were informed that the Prime Minister’s Office will be presented with the workshop’s recommendations, which will examine the implementation of the Modernized Inspection Regime in Islamabad as a pilot project and the provinces’ subsequent adoption of the same.
