Special Advisor to Prime Minister on Commerce, Abdul Razak Dawood on Wednesday said that the federal government will take exports to new levels by providing good opportunities for the industrial sector.
The SAPM said this during the launching ceremony of the Seventh Reform Action Plan organised by the Board of Investment (BoI), the adviser to the prime minister said improving Pakistan’s Ease of Doing Business (EoDB) ranking will boost foreign investment in the country.
“Pakistan’s rise in the last two years from 148 points to 108 points in the World Bank’s EoDB rankings report is a milestone in the growth of foreign investment in the country,” he said.
“One of our main areas is to work on improving the country’s EoBD ranking to provide a better business environment for foreign and local investment in the country. Besides this the government is also committed to decreasing the cost of doing business in the country,” he added.
BoI secretary Fareena Mazhar said that so far Pakistan has implemented six reforms action plans. “Today we are gathered here to launch the seventh plan which is focused on improvements in firm entry regulations, reliability of electricity, tax regulations, trade regulations, creditors rights, better property rights, and court efficiency etc and reforms in these areas play a major role in the process of economic development,” she said.
