KP Unveils Reforms to Enhance Business Environment and Investment

The Khyber Pakhtunkhwa government, through its Industries Department and KP Board of Investment (KP-BOIT), has initiated a comprehensive reform strategy to revolutionize the province’s commercial landscape, stimulate investment, and simplify business operations. This initiative is supported by the UK-funded Sustainable Energy and Economic Development (SEED) programme.

A key component of these reforms is the introduction of the “KP Investment Guides for Industries 2025,” which were officially launched by Advisor to KP CM on Information and Public Relations, Barrister Muhammad Ali Saif, Advisor to KP CM on Finance, Muzammil Aslam, Vice Chairman of KPBOIT Hassan Masood Kunwar, Secretary Industries, Commerce & Technical Education Department, Masood Ahmed, and representatives from the SEED Programme.

Investment Guides for Industries 2025

The SEED team delivered concise presentations highlighting the Investment Guides for Industries 2025. These guides serve as detailed manuals designed to assist businesses in establishing and expanding their operations within KP.

These guides encompass a wide array of procedures, including company registration, licensing, permits, utilities, land acquisition, tax compliance, and sector-specific requirements. Designed for both domestic and international investors, the guides transform complex processes into easily understandable steps, enabling businesses to save valuable time and concentrate on growth.

These guides are supported by the Aasan Karobar Bill 2025, which was recently presented in the provincial assembly. This Bill establishes the legal framework for KP’s single-window Aasan Karobar Portal, mandating all departments to handle registrations, licenses, certifications, and permits through digital channels.

The Bill includes features such as defined approval timelines, real-time digital tracking, automated escalation for delays, mechanisms for grievance resolution, legal recognition of digital approvals, and provisions for e-payments, marking a significant advancement in ensuring transparency, accountability, and investor assurance.

Statements from Key Figures

Speaking at the launch event, Barrister Saif remarked: “This reform signifies a new chapter for investment within Khyber Pakhtunkhwa. By eliminating bureaucratic obstacles and implementing straightforward, dependable systems, we are fostering an environment conducive to business success, job creation, and the province’s overall development.” He also conveyed his deep concern regarding the recent flooding in various regions of the province and affirmed the Khyber Pakhtunkhwa government’s commitment to offering aid and rehabilitation to the impacted communities.

He affirmed that despite the difficulties presented by natural disasters, the government remains dedicated to pursuing its reform agenda for economic advancement and sustainable progress.

Hassan Masood Kunwar, Vice Chairman of KPBOIT, highlighted the importance of the Aasan Karobar Act, stating, “The reform will bring about economic transformation in KP and enhance business operations by providing investors with clarity, predictability, and confidence.”

Masood Ahmed, Secretary Industries, noted that the Khyber Pakhtunkhwa government, in line with its vision of facilitating business, has consistently prioritized the creation of a supportive environment for investors and entrepreneurs.

Muzammil Aslam, Advisor to CM on Finance, shared his perspective, noting that KP possesses considerable potential spanning natural resources, agriculture, tourism, mining, energy, and information technology. He emphasized the necessity of a strong framework to translate this potential into tangible investment and economic expansion.