Rawalpindi, Pakistan: The garrison city of Rawalpindi is set for a business transformation with the upcoming establishment of a Business Facilitation Centre (BFC) and a commitment to streamlined approval processes. This initiative aims to attract investors and entrepreneurs, turning Rawalpindi into a thriving business hub in Punjab.
Commissioner Liaquat Ali Chatha spearheaded the effort, visiting a potential site for the BFC and setting a 15-day deadline for finalizing the location. The center will act as a one-stop shop for businesses, bringing services from various departments under one roof. From registering companies to obtaining licenses and permits, the Business Facilitation Centre (BFC) will simplify the process for investors, eliminating bureaucratic hurdles.
Furthermore, Chatha emphasized the crucial role of the BFC in improving the business environment. Departmental representatives will be readily available at the center, offering guidance and ensuring expeditious processing of requests within set timeframes. He outlined ambitious targets for individual commercial and industrial construction approvals (30 days), completion certificates (30 days), and land-use change (45 days).
The visit to the site also involved officials from the Punjab Central Business District Development Authority (CBD Punjab). Moreover, This newly established authority boasts a successful track record, attracting PKR 56.47 billion in investment through its Lahore Prime and Lahore Downtown projects. Their focus on eco-friendly urban development and vertical infrastructure aligns with Rawalpindi’s modernization ambitions.
In addition, CBD Punjab envisions expanding its reach beyond Lahore, with Rawalpindi, Faisalabad, and Multan identified as key targets. Further, this expansion aims not only to attract investment to these cities but also to contribute significantly to Pakistan’s overall economic development.
The BFC and streamlined approval processes represent a significant step towards Rawalpindi’s transformation into a business-friendly city. By prioritizing investor needs and creating a more efficient economic environment, Rawalpindi poised to attract talent, generate jobs, and contribute to the country’s economic prosperity.