Board of Investment or BoI is optimistic about the Pakistan’s position in the Ease of Doing Business ranking. However, the new ranking will be released in May.
Ease of Doing Business ranking for Pakistan will improve further as BoI is much hopeful about it. According to BoI, Pakistan will succeed to make its name in top 100 countries in the upcoming World Bank rankings.
BoI is assessing the performance of ease of doing business in Lahore and Karachi and subsequent reports will be presented in cabinet for discussion and finally submitted to the World Bank for approval, the official said.
He revealed that the government wants Pakistan’s ranking improved from its current 136 position to below 100 in the coming year, which in return would enhance the prospects of foreign and local investment and promote economic growth.
According to the previous World Bank report, ranking of Pakistan, in different indicators for ease of doing business, remained around 100. However, Pakistan ranked 26 in resolving insolvency, 53 in protecting minority investors.
Economic analysts believe that if it will happen then Pakistan Stock Exchange growth will also be significantly increased.