WB Delegation, FPCCI Discuss Business Reforms

WB delegation, FPCCI discuss business reforms

LAHORE, (UrduPoint / Pakistan Point News - 9th August, 2016) : Public-Private dialogue is the key to good governance and development, and substantial improvements are needed in governance to unleash Pakistan's growth potential. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Syed Aasim Shah stated this in a meeting with World Bank delegation at FPCCI Regional Office on Tuesday. On this occasion, Business Environment Reforms Specialist-World Bank Group Ciara Mckeon said that purpose of the meeting was to analyze the existing public private dialogue (PPD) structures in Punjab and scope a set of recommendations for DFID (Department for International Development) Pakistan for developing an online feedback mechanism for policy makers engaged in the Business Environment Reform (BER) in Punjab.

Syed Aasim Shah appreciated World Bank (WB) role in the socio-economic development of Pakistan and said major business reforms were dire need of the time as it was not easy, for people to do business in Pakistan in fact very stiff, people have to deal with 40 regulatory bodies in order to open or run business in Pakistan.

He highlighted various functional areas that should be considered while designing an online feedback mechanism e.g. tax system, funding, business registration and licensing procedures. He suggested an interactive SMS service for online feedback mechanism should be started instead of emailing system. Ms.

Ciara Mckeon appreciated ideas and feedbacks initiated in the meeting. The meeting was joined by Ms. Ciara Mckeon, and Tim Vickery Business Environment Reforms Specialist- World Bank along with Muneed Ansari, Adele Iqbal Consultants World Bank Rehmat Ullah Javaid, Sadique Rehman Rana, Syed Saquib Mohyuddin and numerous members of business community.

In the end, FPCCI Vice President presented a souvenir to Ms. Caiara Mckeon.