Home » Govt to set up business portal in line with WB’s Digital Economy Enhancement Program

Govt to set up business portal in line with WB’s Digital Economy Enhancement Program

by Haroon Amin
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The government will create a dedicated business portal as part of the World Bank’s Digital Economy Enhancement Program (DEEP).

The Pakistani government is getting ready to introduce a ground-breaking programme that would update legal frameworks and create an atmosphere that is more business-friendly.

The government will create the Pakistan Business Portal (PBP), a crucial platform that would transform business-government relations at the federal, provincial, and local levels, in accordance with the World Bank’s Digital Economy Enhancement Programme (DEEP).

The Pakistan Business Portal will be the cornerstone of the DEEP effort, which aims to simplify regulatory procedures and improve the ease of doing business in the nation, according to sources within the Ministry of IT and Telecom who spoke with the media. The site, which focuses on streamlining and digitising compliance processes, has the potential to spur economic growth and ignite the country’s digital transformation.

Approximately 800 government agencies’ registrations, certificates, licences, and other regulatory requirements will be thoroughly reviewed and mapped as part of the project’s first phase. This painstaking procedure will set the stage for pinpointing problem areas and enacting changes meant to improve Pakistan’s economic climate.

An interim Project Management Unit will be established inside the Ministry of IT and Telecom to manage the development and implementation of the DEEP programme. The temporary unit will be responsible for supervising the DEEP project, guaranteeing its efficient implementation and compliance with predetermined schedules and goals.

The DEEP project is evidence of the international community’s commitment to Pakistan’s digital transformation strategy. It is backed by a finance package of $149.7 million authorised by the World Bank’s Board of Executive Directors. Given that a substantial amount of funds was used to create the Pakistan Business Portal, the government is in a strong position to take use of digital platforms to increase service accessibility and boost business sector efficiency.

An environment for business that is better overall is influenced by increased efficiency and openness. Companies and entrepreneurs can more easily get over bureaucratic obstacles.

Businesses can share their opinions about their interactions with government services through the portal. Authorities can pinpoint areas for improvement with the use of this feedback loop.

A dynamic and responsive system is enhanced continuously depending on user feedback.

The Civic Innovation and Technology Labs (CITL) initiative, which will use open government data to promote innovation and entrepreneurship, is one of the creative solutions that the DEEP effort seeks to offer in addition to its focus on regulatory modernization.

Through the use of digital platforms to increase service accessibility and boost business sector efficiency, this programme demonstrates the international community’s support for Pakistan’s digital transformation strategy. Pakistan’s business environment is in for an exciting future!

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