SAPM Haroon Chairs Meeting Of Regulatory Reforms

Fahad Shabbir (@FahadShabbir) Published August 11, 2025 | 09:36 PM

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Monday chaired a meeting of the sub-committee on regulatory reforms

ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Aug, 2025) Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Monday chaired a meeting of the sub-committee on regulatory reforms.

The meeting was attended by Scott Jacobs, representatives from the Board of Investment (BOI), the Securities and Exchange Commission of Pakistan (SECP), and the State Bank of Pakistan (SBP), said a news release.

Haroon emphasized that the agreed recommendations should be drafted at the earliest. He remarked that excessive regulations, procedural delays, and barriers to ease of doing business have become serious challenges for enterprises in Pakistan.

He further noted that several provisions in the current Act create hurdles and restrictions that obstruct innovation in modern corporate structures.

During the meeting, proposals for amendments to the Companies Act 2017 were presented. The SECP and BOI jointly introduced a comprehensive package of recommendations aimed at aligning the Act with international best practices.

The proposed amendments include removing the minimum and maximum limit on the number of members in private and public companies, as well as introducing greater flexibility in corporate forms and eliminating unnecessary restrictions.