A.    Brief overview

Revenue Mobilisation, Investment and Trade (REMIT) programme is a nine-year (2019- 28) technical assistance programme funded by the Foreign, Commonwealth & Development Office (FCDO), United Kingdom to support Pakistan in implementing strategic reforms in the realm of economic development, trade, investment and revenue mobilisation. The key outcomes under the programme will be contributing towards strengthening the macroeconomic stability and improving conditions for high and sustained growth, mutual prosperity, job creation and poverty reduction in Pakistan. More specifically, REMIT programme aims at supporting the Government of Pakistan in the following areas:

1. Enhance revenue mobilisation capabilities and help raise the tax/GDP ratio by increasing the number of taxpayers;
2. Address the investment climate constraints faced by local and international businesses and support Pakistan in moving towards being one of the top reformer countries to do business in creating ease for businesses;
3. Facilitate trade and drive competitiveness by reducing barriers to trade and reducing Pakistan’s trade deficit by helping increase exports;
4. Modernise formulation and implementation of macroeconomic policy to avoid future financial crises.

As a part of Investment Climate workstream, REMIT has been supporting the regulatory reform agenda of the Government of Pakistan to bring about sustainable change reducing the cost of doing business and compliance under the Pakistan Regulatory Modernisation Initiative (PRMI). The Board of Investment (BOI) is the lead agency to implement the PRMI in a systematic effort to modernise Pakistan’s Business Environment through a concerted approach to eliminate, simplify, reengineer, improve and digitise the business registrations, licenses, certificates, and other permits (RLCOs) and regulatory requirements. Under the PRMI strategy, REMIT is supporting GOP to develop and deliver four packages of regulatory reforms in 2025 (Jan 2025 to Dec 2025) through a qualified firm with international experience of implementation regulatory reforms and guillotine.

Please find details in the attached file.