Mr. Patchamuthu llangovan, Country
Director, World Bank Group visited Board of Investment and met with Chairman,
BOI Mr. Naeem Y.
Zamindar. The
Chairman, BOI welcomed the Hon’able guests and said that Pakistan is one of the few South
Asian Countries which ranks high in the World Bank indicators of Ease of Doing
Business. The pursuits of policies of liberalization, deregulation, and
disinvestment during the last two decades have brought about significant
improvements in domestic and foreign investments.
He
said that world bank and BOI have been a business reform partner since 2014
when first Doing Business Action Plan was inaugurated .Currently the engagement
is on two initiatives .First one is “Ease of Doing Business Initiative” and the
second one is “Non-lending Technical Assistance” .BOI along with Finance
Division has worked closely with WB on monitoring of the Doing Business Reforms
in both Federal and Provincial levels. Finance Division and BOI have formulated
the Doing Business Strategy 2016 with assistance of WB and collaboration of
Finance Division. This collaboration is now extended to Doing Business action
plan for 2018 which is under process of finalization. The chairman, BOI said
that BOI organized two seminars to update the existing and potential
contributions of the reforms under taken by the government so far with the
support of WB and during this Pakistan improved its ranking in 2017.
The
Chairman, BOI further added that considering the changes in the investment
climate of the country and diversifying work of BOI a technical assistance was
sought from WB regarding “Capacity Building of BOI officers”, “Investment
Policy” and “Redesigning of BOI website”.
