PR No. 201 ISHAQ DAR DIRECTS IMPLEMENTATION OF EASE OF DOING BUSINESS REFORMS Islamabad: November 22, 2016
Finance Minister Senator Mohammad Ishaq Dar has stressed on the need for ensuring coordination between all stakeholders for implementation of Ease of Doing Business Reform Strategy 2016. In this regard, he has 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 in making every effort to facilitate the foreign as well as domestic investors and businessmen. He said that Pakistan is increasingly being identified globally as a business and investor friendly country.
The Finance Minister said 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 is among this year’s top 10 global improvers.
The Finance Minister emphasized that Government was fully focused on improving growth and productivity in all sectors of the economy be it agriculture, industry or services sectors. He stated that 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 Finance Minister directed that specific actions that are required to be taken for the purpose must be identified along with time lines. The Finance Minister 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.