Finance Minister Ishaq Dar on Tuesday directed the Finance Ministry to ensure coordination between all the stakeholders for implementation of Ease of Doing Business Reform Strategy, 2016.
He directed Ministry of Finance to work in close collaboration with other concerned federal and provincial government agencies including Board of Investment, Federal Board of Revenue and Securities and Exchange Commission of Pakistan for making every effort to facilitate the foreign as well as domestic investors and businessmen.
Pakistan was increasingly being identified globally as a business and investor-friendly country, he said adding that it was gratifying that World Bank in its recently published ‘Doing Business 2017’ report has acknowledge Pakistan’s progress towards the ease of doing business for small and medium-sized enterprises. As a result of government’s measures, Pakistan has moved up 4 notches in the rankings compared to last year and was among this year’s top 10 global improvers.
The minister emphasized that the government was fully focused on improving growth and productivity in agriculture, industry and services sectors. For improving business climate, the government has put into implementation a countrywide ease of doing business reform strategy with time bound measures to strengthen the business climate and foster private investments.
The minister directed that specific actions that were required to be taken for the purpose must be identified along with time lines. He observed that implementation of these time-bound reforms would significantly improve the country’s business environment and act as a catalyst for increasing both domestic and foreign investment.
