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Rawalpindi Plans Business Facilitation Centre to Boost Investor Services

Business Facilitation Centre

In a strategic move aimed at fostering economic growth and attracting investors, the administration of Rawalpindi has announced the establishment of a ‘Business Facilitation Centre’ to transform the garrison city into a business-friendly district within the province.

Business Facilitation Centre Under Progress

Business Facilitation Centre

Commissioner Liaquat Ali Chatha disclosed that concrete steps were underway to position Rawalpindi as a prominent business district. During a site visit adjacent to the Rawalpindi Development Authority, Commissioner Chatha directed the finalization of the location within the next 15 days, with the involvement of the Punjab Central Business District Development Authority.

Chatha emphasized the significance of the Punjab Central Business District Development Authority, describing it as the country’s inaugural business hub, showcasing Pakistan’s potential on the global stage, particularly at events like the World Economic Forum. The proposed Business Facilitation Centre aims to consolidate services from various departments under one roof to streamline processes for business owners.

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The Centre will facilitate investors by processing applications for necessary No Objection Certificates (NOCs), registrations, licenses, certificates, and other permits (RLCOs). Additionally, departmental representatives will be available at the Business Facilitation Centre for swift action and guidance on business community requests, enhancing the overall business environment in the city.

To expedite development, Commissioner Chatha directed that approvals for individual commercial and industrial constructions should be granted within 30 days, completion certificates within 30 days, and change of land use within 45 days.

During the visit to the Rawalpindi Development Authority site, RDA Additional Director General Owais Manzoor Tarar and officials were present. A briefing by the Punjab Central Business District Development (CBD) Authority revealed that, within a year of its establishment, the authority attracted a substantial investment of PKR 56.47 billion from two major auctions: Lahore Prime and Lahore Downtown.

The Punjab Central Business District Development Authority focuses on eco-friendly urban economic revitalization through a vertical infrastructure plan. Under the authority’s jurisdiction, plans are underway to initiate economic activities in other cities of Punjab, such as Faisalabad, Rawalpindi, and Multan, aiming not only to attract investment but also to play a crucial role in national development.