A delegation from the Policy Research Institute of Market Economy - PRIME Institute recently visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for a meeting with OICCI members to gather feedback on regulatory challenges. The engagement was part of PRIME’s assignment from the Government of Pakistan aimed at driving regulatory reforms.

During the discussion, the PRIME team emphasized the need to eliminate regulatory barriers and strengthen the overall regulatory framework to facilitate business operations. OICCI members shared practical challenges, citing time delays, financial losses, and difficulties in obtaining approvals, particularly in relation to enforcement actions against counterfeit goods. Issues concerning patent protection and lack of innovation were also discussed in detail, along with concerns related to the implementation of the IPO Act 2012.

The meeting was attended by representatives from the pharmaceutical, FMCG, publishing, refinery, and electronics sectors.