INP-WealthPk

Compliance Centre for user-friendly online database on the cards

January 05, 2023

Amir Khan

The government is planning to establish a National Compliance Centre (NCC) to develop a user-friendly online database for compliance-related information. According to information available with WealthPK, the proposed centre would help collaborate with international standard organisations and economic blocs in obtaining desired information and disseminating data regarding regular outreach activities including workshops, and trainings. It will facilitate the public-private sector dialogue for the benefit of all provinces including Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan.

The NCC would keep an effective liaison with concerned institutions, agencies and organisations pertaining to information sharing, particularly in awareness campaigns, develop capacity building and business development strategies, and assist the small and medium-sized enterprises (SMEs).

The NCC Secretariat’s headquarters would be established in the Ministry of Commerce, Islamabad, while provincial compliance centres (PCC) would also be set up in all provinces. The NCC would be headed by Chief Compliance Officer, who would report to a Project Steering Committee headed by the secretary of the Finance Ministry.

Under the NCC, eight compliance centres clusters have been identified for human and labour rights, climate change, governance and democracy, quality assurance standards and sustainability, etc. A comprehensive working paper along with presentations and contact details of the focal person for coordination has been prepared and all provincial governments including the AJK and Gilgit-Baltistan were invited to share relevant data and input. The provinces have also been directed to indicate any capacity’s functions and resources for the establishment of the NCC at provincial level, and immediately identify human resource requirements for the proposed project.

Credit : Independent News Pakistan-WealthPk