Key Takeaways
- • The Cabinet Committee on Regulatory Reforms (CCoRR), at its 16th meeting, ordered a review of the draft Venture Capital Bill prepared by the Securities and Exchange Commission of Pakistan (SECP), per Pakistan Point News.
- • The Committee directed the Special Investment Facilitation Council (SIFC) and SECP to jointly revise the draft after consulting private-sector representatives and industry stakeholders.
- • Three areas were flagged: regulatory uncertainty and compliance burdens under the existing licensing framework, high taxation including double taxation at fund and investor levels, and foreign exchange repatriation requirements.
- • The revised draft will return to the next CCoRR meeting; no date for that meeting was specified in the source.
- • The Committee also directed SIFC to press all regulatory authorities on implementing seven endorsed reform packages within prescribed timelines.
Summary
Pakistan's Cabinet Committee on Regulatory Reforms (CCoRR) has directed the Special Investment Facilitation Council (SIFC) and the Securities and Exchange Commission of Pakistan (SECP) to jointly review the draft Venture Capital Bill, according to Pakistan Point News, which reported the decision on November 11, 2026. The meeting was the committee's 16th, and its discussion centered on the country's regulatory framework for venture capital, with a stated aim of facilitating investment, easing the ease of doing business, and encouraging participation by domestic and international investors.
The committee identified three priority challenges. The first is regulatory uncertainty and compliance burdens tied to the existing licensing framework. The second is high taxation, including double taxation at both the fund and investor levels. The third is foreign exchange repatriation requirements, which the committee said may deter international venture capital managers and investors from operating in Pakistan.
To address these issues, the committee instructed SIFC and SECP to conduct a detailed review of the draft, including consultations with private-sector representatives and relevant industry stakeholders. The revised draft is to be presented at the next CCoRR meeting for further consideration. The source does not specify a timeline for that meeting or the specific provisions that will change.
The committee also reviewed progress on the broader regulatory reform agenda, which covers seven endorsed reform packages. It directed SIFC to engage all concerned regulatory authorities on their outstanding reform commitments and to ensure implementation within prescribed timelines.
The committee identified three priority challenges. The first is regulatory uncertainty and compliance burdens tied to the existing licensing framework. The second is high taxation, including double taxation at both the fund and investor levels. The third is foreign exchange repatriation requirements, which the committee said may deter international venture capital managers and investors from operating in Pakistan.
To address these issues, the committee instructed SIFC and SECP to conduct a detailed review of the draft, including consultations with private-sector representatives and relevant industry stakeholders. The revised draft is to be presented at the next CCoRR meeting for further consideration. The source does not specify a timeline for that meeting or the specific provisions that will change.
The committee also reviewed progress on the broader regulatory reform agenda, which covers seven endorsed reform packages. It directed SIFC to engage all concerned regulatory authorities on their outstanding reform commitments and to ensure implementation within prescribed timelines.
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