Govt. committed to ending red tape: Minister

The government of Prime Minister Shahbaz Sharif is dedicated to cutting red tape and assisting the business community for sustained economic growth, according to Minister of Petroleum Dr. Musadiq Malik’s statement on Monday.”Prime Minister has issued instructions to eliminate red-tapism and reduce regulations to provide a conducive environment and level playing field for all investors,” Dr Malik stated at a news briefing.According to him, Pakistani businesses are negotiating to expand their operations internationally, whereas Saudi Arabian businesses have set up distinct offices.In order to promote deeper economic cooperation between Saudi Arabia and Pakistan, the minister expressed optimism that a number of firms would conclude business and investment transactions during the business-to-business (B2B) sessions.