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Pakistan Prepares to Improve Reforms to Facilitate Business Conduct

ISLAMABAD – The federal government of Pakistan has completed a final verification of the “ease of doing business” indicators at the national level, before the arrival of the World Bank team, APP reported Friday.
Abdul Razak Dawood, the Pakistani prime minister’s advisor on trade, textiles, industries, production and investment, chaired a high-level meeting on the business reform agenda of the Board of Investment (BOI), in the meeting BOI President Haroon Sharif was also present.
Razak Dawood pointed out that Pakistan had improved its ranking by 11 points from 147th / 190 to 136th / 190 in the Doing Business 2019 report.
He commended the implementation of the reforms and emphasized that an ongoing effort by all provincial and federal ministries was needed.
He also appreciated the assistance of the World Bank Group as a partner in business climate reform.
The advisor stressed that trade reforms are the priority of Prime Minister Imran Khan, who has reviewed progress regularly.
The Prime Minister had already chaired a number of review meetings and the next meeting was scheduled shortly, with the participation of all relevant federal secretaries and provincial secretaries-in-chief.
Haroon Sharif, president of the Board of Investment addressed the participants.
The government advocated a reform program that would transform the business climate in the country and reiterated that the approach of all ministries, provincial and federal, was important for the effective implementation of reforms.
Fareena Mazhar, Executive Director of BOI, briefed participants on completed reforms.
She said the update of the reform was submitted to the World Bank Group, which was an important document that helped to improve the ranking of companies.
Later, officials from all government agencies also shared the implementation status of their respective agencies.
The Prime Minister’s adviser expressed satisfaction with the agencies’ performance. Dawood also asked all agencies to make sure that all the reforms under way were completed by April 30th.
He emphasized the importance of improving the business climate and recalled that close coordination among government ministries played a crucial role.
(Sahar News Monitoring Desk)

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