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PM issues plan to assist local, foreign investment

Prime Minister Muhammad Nawaz Sharif on Saturday issued guidelines to the administrative heads of all relevant divisions, attached departments and autonomous bodies aimed at facilitating the domestic and foreign investment in Pakistan.
According to a PM House statement, he directed all federal ministries and departments concerned to prepare a comprehensive code of procedure which would be followed by applicants and investors for license, sanction or permission for investment or setting up business in the country.
The prime minister directed that all such processes and transactions should be identified to streamline certifications, approvals, licenses, permits or similar instruments. He said that all steps involved in the process should be clearly laid down so that investors should not face hindrances.
Nawaz also instructed to adhere to specific timeframes while processing the applications and the applicants should be informed at each stage of the process. The ministries and relevant bodies had also been asked to make available the flow charts depicting the steps, timelines and documentation requirements for facilitation of the investors.
The prime minister also directed that the process devised for ease business should be notified for public information. Earlier, the Radio Pakistan reported that the government was working on expansion of the Prime Minister’s National Health Programme to all districts of the country.
Currently, the programme is helping 3.06 million families living below the poverty line in the specified areas. This year about nine hundred thousand families have so far been enrolled for the programme. Funds worth Rs 8.18 billion have been allocated for the health program in the current fiscal year.