EODB starts work to promote business activities, investment: Farman

QUETTA: Chief Executive Officer (CEO) of Balochistan Board of Investment and Trade (BBoIT) Farman Zarkoon Monday said that a world-class Ease of Doing Business Cell (EODB) has been launched to promote business activities and investment in the province.

In a statement issued here, Farman Zarkoon said the cell was recently approved by Balochistan Chief Minister Jam Kamal Khan.

The center would facilitate the business community on their doorsteps. The cell was now fully operational, providing all facilities to businessmen and investors under one roof, he said.

He said that this was the first time such an initiative has been taken, adding that the EODB Cell has considered the World Bank’s standards for ease of doing business. Through this cell, business registration, land lease, tax payment, receipt of documents, and NOC from the concerned departments and other facilities and information could now be obtained through a one-stop operation in addition to removing business barriers and business rules, he said.

Manager of Ease of Doing Business Cell Taha Siddiqui said that Prime Minister Imran Khan would modernize and simplify the regulatory framework across the country under the Pakistan Regulatory Modernization Initiative.

In the first phase, all the laws and regulations related to the business were being mapped and strengthened from the concerned departments. In the second phase, business barriers would be removed by facilitating these laws, he said.

He said that business reforms were taken under the leadership of Chief Minister Jam Kamal Khan.