Cabinet approves 170 amendments to Companies Act to simplify business rules
The federal cabinet in Islamabad approved 170 amendments to the Companies Act 2017 on Friday.
Regulatory changes target unnecessary hurdles
Adviser Haroon Akhtar Khan stated that these updates will remove roughly 70 to 75 percent of existing regulations. The goal is to clear obstacles that have discouraged foreign investment over the last 78 years. A bill containing these changes has now been sent to Parliament for consideration.
Review covers multiple economic sectors
Officials are currently examining rules in industries such as dairy, maritime transport, beverages, oil refineries, pharmaceuticals and restaurants. The review aims to identify redundant requirements while ensuring regulations serve legitimate public interests. This process seeks to streamline procedures without imposing unnecessary burdens on companies.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
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