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Govt approves major regulatory reform package | The Express Tribune

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Govt approves major regulatory reform package | The Express Tribune



ISLAMABAD:

The Cabinet Committee on Regulatory Reforms (CCoRR), chaired by Federal Minister for Investment Qaiser Ahmed Sheikh, on Friday reviewed and approved the third quarterly Regulatory Reform Package prepared by the Board of Investment (BOI).

According to an official statement, the meeting marked another step in the government’s effort to modernise Pakistan’s regulatory framework under directives of the prime minister.

The package, developed by the BOI reform team, sets a forward-looking agenda to enhance transparency, streamline processes, and improve the ease of doing business. Key reform areas included the Regulatory Governance Strategy 2025-2030, aimed at establishing a modern legal system through creation of a Pakistan National Legal Registry (PLR).

The package also proposed simplification of bank account opening for businesses. Online onboarding for low-risk firms and the launch of an Asaan Business Bank Account (ABA) for SMEs were highlighted.

Another major component is the shift from fragmented district registries to a centralised National Business Registry managed by the Securities And Exchange Commission Of Pakistan (SECP). As per the statement, this will repeal the outdated Partnership Act, 1932. A new risk-based and technology-enabled framework for security clearance of foreign investors was also proposed, introducing statutory timelines and greater transparency.

The review of the Companies Act, 2017 formed another pillar of the package. Proposed updates focus on modernising requirements for listed and unlisted companies, removing outdated provisions and aligning with international best practices.

During the meeting, the committee reviewed all proposals in detail. The reforms were endorsed and regulators agreed on implementation. Directions were issued to federal ministries and departments to ensure time-bound execution.

The National Business Registry will eliminate duplication across district registries, allowing faster firm registration with nationwide recognition of legal status. The risk-based clearance system will give foreign investors predictable timelines, reducing uncertainty and enabling quicker project starts. Amendments to the Companies Act will cut compliance costs and improve governance by easing outdated requirements.

Federal minister for investment commended the BOI reform team and regulatory bodies for their role. He said the review reflected the government’s commitment to regulatory modernisation and creating a transparent, efficient business environment.



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Video: Skilled Foreign Workers Think About Leaving the U.S.

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Video: Skilled Foreign Workers Think About Leaving the U.S.


These highly skilled, highly educated foreign workers have been documenting the challenges of trying to build a career in the U.S. “If I don’t find a job, I have to leave the country.” “I sent out 907 applications.” “Have I ever truly relaxed in America?” They need an H-1B visa, which is given through a lottery system that allows U.S. companies to hire highly skilled international professionals for up to six years, in industries like tech and medicine. But the Trump administration has made changes to the program, requiring companies to pay a high fee and enforcing new rules that prioritize higher-paid foreign workers, in an effort to make more jobs available to Americans. This has forced some foreigners to rethink their career plans. “I think the U.S. is still the golden standard.” Wen-Hsing Huang came to the U.S. from Taiwan in 2022 for the tech scene, and was hired by Amazon on an H-1B visa. “I want to use my talents to change the world, and I think the United States was the best platform to do that.” Ananya Joshi came from India to attend a master’s program in Chicago in 2022. “So it was actually my my father’s dream that I had inherited because my father couldn’t go because of his financial situation.” Haina, a Chinese national, fell in love with the U.S. while studying in New York. She got her H-1B in 2022. “I remember there were a lot of companies, they would be able to sponsor.” Haina said she’s experienced a recent shift, where it has become harder to find companies that sponsor H-1B visas. “This time when I was job searching, I didn’t realize it could be a deal breaker. I just had my second interview of 2026, and it was a pretty short call.” (Recruiter) “I don’t think we’re eligible or able to do sponsorship for this role at the moment.” “They don’t even really get to know if I’m qualified, am I experienced, or anything. The decision is already made at that point.” “Please, please make sure that the company you’re about to work for has experience handling international hires.” Joshi said a start-up she interned with during grad school rescinded their promise to sponsor her H-1B visa. “Ask for everything in writing. And then there were jobs that were contract jobs. They would just reject me. They would only need people with a green card or a U.S. citizenship.” Even with an H-1B and a six-figure salary, Huang said he felt himself becoming anxious, as tech layoffs ramped up and Trump’s immigration policies kept changing. “I woke up every morning with this knot in my stomach, because my entire life depended on the policy I couldn’t control. The United States seems not very welcoming to immigrants that contribute to this country.” “The signals are, like, pretty clear at this point. They want to make this H-1B, is, like, risky and also, like, harder.” Hello, everyone.” Despite that, Haina says she’s determined to keep looking for a job until she’s forced to leave the country. “The pressure about where I’m going to be in the next of my career or, like, my life. I sort of like lost the ability to enjoy my life or just be happy.” “So I had to leave the U.S. Of course, I expanded my search beyond the U.S. Found a job in Germany.” Joshi packed up her life and started a new role with a European biotech firm in January. “I think I left at a good time, because there would have been more stress. I would have been stuck in a loop.” “It’s an endless cycle of anxiety.” After quitting his job at Amazon, Huang is now back in Taiwan, planning to launch his own company. “To bet on building an A.I. company that gives me complete control over my time, location and future. Staying in the United States is no longer the only way to achieve my American dream.”



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Kerosene oil prices rises after petrol and diesel hike – SUCH TV

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Kerosene oil prices rises after petrol and diesel hike – SUCH TV



Following the recent surge in petrol and diesel prices, the government has announced another increase in the price of kerosene, further adding to the financial burden on consumers.

According to an official notification, the price of kerosene has been increased by Rs 34.8 per liter. With this latest adjustment, the new price of kerosene has reached Rs 467.48 per liter.

The notification states that the revised price has come into effect from today. Prior to this increase, kerosene was being sold at Rs 433.40 per liter.

The continued rise in fuel prices, including kerosene, is expected to significantly impact low-income households, particularly in rural areas where kerosene is widely used for cooking and lighting.



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Your subscription trap stories: ‘I ended up paying £500’

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Your subscription trap stories: ‘I ended up paying £500’



Many readers have experienced the ordeal of cancelling a subscription.



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