Recommendations, Jan. 28 -- (a). The Accounting system needs to be simplified based on the Income statement format, instead of making deductions at both Net and Gross income stages, which will cause reconciliation problems due to the pendency of settlement of accounts.

(b) Reduce bureaucratic delays by simplifying and streamlining the regulatory processes by clearly defining the roles among the regulators and provincial entities, thereby facilitating smoother operation of both voluntary and compliance markets by the development of a centralised, single-window approval platform to manage documentation such as NOCs, LOIs, and PDDs. If implemented within one year under the Ministry, this system could reduce bureaucratic delays by half and b...