Prime Minister Shahbaz Sharif will inaugurate the Business Facilitation Center (BFC) in Islamabad this month to facilitate businesses.
Sources told ProPakistani that the Board of Investment (BoI) had signed the Service Level Agreement (SLA) with all federal government departments to streamline and facilitate business-related services for entrepreneurs and businesses in Pakistan.
The Prime Minister of Pakistan in June 2024 ordered to establish a Model Business Facilitation Center (BFC) in Islamabad to connect multiple federal agencies through an automated system for the submission, processing, and issuance of RLCOs (Required Licenses, Certificates, and Other approvals) under one roof.
The BFC will serve as a unified platform to streamline the processing and delivery of RLCO services for businesses, Provide a centralized hub where entrepreneurs can access multiple services efficiently, Enhance inter-agency collaboration to ensure seamless service delivery, Improve the ease of doing business by reducing delays and offer transparent and accountable service processes to foster trust among stakeholders.
Sources said that the Islamabad Business Facilitation Center will deal with 341 (RLCOs) of 22 Ministries and 41 Departments. Every department will depute their Experts for onward placement at the Business Facilitation Center, Islamabad.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan