Pakistan Business Regulatory Environment
Business Regulatory Environment
In the past, investment in Pakistan was the subject of numerous approvals, permits and licenses which have been thoroughly streamlined recently. Administration of investment is now concentrated with the BOI(Board of Investment ) and the SECP(Security Exchange Commission of Pakistan) in a kind of one stop shop system. Requirements such as the registration of foreign investors with the BOI have been removed, no more screening from the Government on foreign investment is required, unless special incentives are involved, and no requirement to obtain provincial Government clearing for project location other than for a few specified sensitive areas of operation.