SECOND MEETING OF GB PRMI WORKING GROUP
Second Meeting of committee was held under the chairmanship of Chief Secretary Gilgit-Baltistan on 20/02/2023. In the second meeting of the Gilgit-Baltistan (GB) PRMI working group, it was decided to...
Gilgit-Baltistan, located in northern Pakistan, offers a wide range of potential investment opportunities across various sectors. The region has vast untapped potential in areas such as tourism, with its scenic landscapes and cultural heritage sites, as well as energy, given its abundance of hydroelectric power resources. Additionally, Gilgit-Baltistan has significant potential for agriculture, with fertile land and a conducive climate. Infrastructure development is another area with great potential for investors, as the region is in need of improved road networks and telecommunications systems. With its natural beauty and untapped potential, Gilgit-Baltistan is a promising destination for investors looking to explore new opportunities.
The major deliverable of PRMI is the establishment of an online “One Stop Shop” by the name of “Pakistan Business Portal”.
The timeline for PRMI's implementation is ongoing, and the expected outcomes include improved business climate, increased investment, and economic growth in the short and long term.
PRMI is expected to have a positive impact on various sectors and industries in Pakistan, including agriculture, manufacturing, and services, by creating a more conducive environment for investment and growth.
Specific reforms under PRMI include the introduction of e-governance systems, simplification of business registration processes, and digitization of land records, among others.
Regulatory modernization is important to enhance the country's competitiveness, increase transparency, reduce bureaucracy and corruption, and promote a more conducive environment for economic grow
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