ISLAMABAD – In order to further improve its ranking at the ease of doingbusiness, Pakistan is all set to establish special commercial courts totimely resolve business disputes.
The announcement was made by Board of Investment (BoI) Secretary OmerRasul, who was of the view that the establishment of special commercialcourts would help resolving business cases in a year that would helpPakistan’s economy, reported local media.
The measures are taken to improve Pakistan rankings further after thecountry emerged as one of the biggest improvers in World Bank’s latest Easeof Doing Business Index 2020, jumping up 28 places on the index andclinching the 108th position, as compared to 136th spot last year.
Adviser to Prime Minister on Commerce, Investment, Industries and Textile,Abdul Razak Dawood said that Pakistan would further improve its ranking inEase of Doing Business with consistent efforts of federal and provincialgovernments.
Dawood said that ranking of a country on Ease of Doing Business Indexhelped foreign companies take decision of investment in the country. Hesaid that jump in ranking from 147th to 136th and then 108th on the DoingBusiness 2020 Report is giving a message that Pakistan is on the righttrack on reforms.
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“It is pressure from the top and efforts from the bottom and a lot of goodcoordination helped the country to improve the ranking,” he said, addingthe Prime Minister was regularly holding meetings on the ease of doingbusiness.
Pakistan was also among the countries to make the most notable improvementin Doing Business 2020, sitting alongside Saudi Arabia, Jordan, Togo,Bahrain, Tajikistan, Kuwait, China, India, and Nigeria.
