ISLAMABAD: Adviser to Prime Minister on Commerce, Industries and InvestmentAbdul Razak Dawood on Thursday said that improvement of country’s rankingin “Ease of Doing Business” by the World Bank was huge achievement of thegovernment to attract more foreign investment. The commerce adviser saidafter this achievement Pakistan’s economy would be more integrated to theglobal economy and this linkage would bring foreign investment to thecountry.
The World Bank had improved Pakistan’s ranking in ease of doing businessfrom previous 136 to 108 out of total 190 big and small economies of theworld, the adviser said this while addressing “Doing Business ReformsExhibition” along with Chairman Board of Investment (BOI) Zubair Gilani andothers, organized by BOI here.
In future “We require more hard work for achieving the country’s WorldBank, EODB ranking more up to 50 positions”, he said.
The World Bank improved its “Ease of Doing Business” ranking 2020, forPakistan by 28 points, placing the country among top ten countries that hadmade reforms and improved their business environment at fast pace.
He said that Pakistan had been ranked among 6th top reformers of the worldand first in South Asia.
Razak Dawood said the improvement in EODB report 2020, was an unprecedentedpositive jump in the country’s business environment, which he said wouldenhance the overall image of the country at world level and help promoteinvestment to the country.
The adviser said that under the visionary leadership Prime Minster ImranKhan, the economic team proved its worth through the improvement in WB,EODB ranking of Pakistan.
Razak said that improvement in Pakistan position in WB, EODB ranking wasachieved due to the coordinated efforts of two provinces including Sindhand Punjab and all national institutions.
While, addressing the audience, Chairman BOI Zubair Gilani said economicstability and growth was top priority of the government for providingrelief to the people.
He said that transfer of technology and automation was real change totransform the institutions for providing EODB to the foreign investors inthe country.
He said that improvement in EODB ranking was encouraging as it wouldhighlight positive image and attract foreign investment into the country.
He lauded the BOI team that worked on EODB report and all those who put ontheir efforts at central and provincial levels.