Gilgit-Baltistan Assembly to soon consider Asaan Karobar Act

The Gilgit-Baltistan Assembly is expected to take up the Asaan Karobar Act shortly, as reported by Business Recorder. The move is part of the region's effort to streamline regulatory processes and facilitate businesses under a broader national reform agenda.

The development was discussed in a meeting between Chief Minister Gilgit-Baltistan Amjad Hussain and Secretary SIFC Jamil Ahmed Qureshi. The SIFC team briefed the chief minister on the government's priorities of investment facilitation and regulatory reforms being advanced across the country through this act.

The initiative aims to create a more conducive environment for investment and economic growth. The Asaan Karobar initiatives encompass federal and provincial legislative efforts, as well as specific financial and taxation schemes aimed at simplifying business processes.