Aligning with Global Best Practices Key to Pakistan’s Economic Future: ICCI President

Islamabad ( WNAM REPORT): President Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has lauded the government’s stated commitment to regulatory reforms and institutional transparency, but stressed that now is the time for tangible implementation to unlock the true potential of Pakistan’s business landscape.
Speaking at a meeting with business leaders, he emphasized that while recent statements from the government reflect a positive intent, the business community continues to face challenges that can only be addressed through comprehensive and consistent reforms. He urged the leadership to move beyond policy announcements and deliver measurable results that restore confidence and stimulate investment.
President Qureshi pointed out that institutional inefficiencies, red tape, and unpredictability in regulatory enforcement remain major concerns for both domestic and foreign investors. He called for simplified taxation procedures, digitalization of regulatory approvals, and a one-window facilitation system for businesses.
“Our institutions must be restructured for transparency, efficiency, and accountability,” he remarked. “Only then can we ensure a level playing field where entrepreneurship thrives and economic activity accelerates.”
The ICCI President further suggested that the private sector should be taken on board as a strategic partner in the reform process. Regular consultation between government bodies and chambers of commerce, he said, would ensure that reforms are grounded in practical realities and not merely theoretical frameworks.
The ICCI President highlighted that countries which successfully modernized their regulatory environments witnessed an immediate boost in investor confidence and GDP growth.
“Pakistan’s economic future depends on how swiftly we can align our governance structures with global best practices,” he asserted. The business community is ready to support the government, but reforms must be visible, verifiable, and sustained, he concluded.