Peshawar: Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan on Monday (December 13) launched a one-window business portal to promote commercial and industrial activities in a small ceremony, according to media reports.
KP Board of Investment and Trade (KP-BoIT) Chief Executive Officer (CEO) Hassan Dawood, Additional Chief Secretary Shahab Ali Shah, Industries Secretary Hamayun Khan, KP Informational Board (KP-ITB) Managing Director Ali Mahmood, and other concerned officials were present at the event.
As per the details shared, the portal will be a one-stop-shop for the business community and investors to acquire licenses, registrations, certifications, and permits of different departments required for starting a business or investment in the province. Through the portal, the business community can have access to an online facility for payments of approval of building maps, registration fees, and various taxes.
Moreover, it was revealed that the portal is a joint effort of KP-ITB and KP-BoIT, which will digitally connect the businesses with the concerned provincial and federal stakeholders to get efficient and effective services. According to officials, the portal will connect businesses to eleven departments to make the system efficient. The government aims to boost business and commercial activities through the facilitation of businesspersons and investors.
Additionally, the business portal will help the business community to eliminate cumbersome and time-consuming processes of acquiring No Objection Certificates (NOCs). It will save time as investors of businesspersons will not have to visit different offices. Also, the portal will ensure accountability and transparency in the issuance of NOCs.
CM Khan, while speaking at the occasion, termed the portal as an ‘important achievement’ that will facilitate the ease of doing business in the province. The minister stated that it will attract private sector investment and address the concerns of the business community. He went on to say that the provincial government has also offered tax rebates to attract maximum private sector investors.