World bank report: Pakistan among top 10 economies

New businesses in Pakistan still face dire problems

APP March 01, 2017

LAHORE: The World Bank, in its report ‘Doing Business 2017’, has recognised Pakistan among the top 10 economies that have made the biggest improvements in their business regulations, said Board of Investment (BoI) Chairman Dr Miftah Ismail. The report deems Pakistan as the only South Asian economy having improved its position from 148 to 144 out of 190 countries. Ismail said this improvement was made as a result of efforts by the federal and provincial governments. Addressing a seminar on ‘Doing Business Reforms in Pakistan’, at a local hotel on Tuesday, he said that the key reform areas of business climate improvement were simplification of business registration procedures among other reforms. He said that new businesses in Pakistan still face dire problems and, “We need to further improve doing business indicators.”

Published in The Express Tribune, February 27th, 2017.

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