Categories: Technology

Pakistan listed in World Bank’s ‘Top 20 Improvers in Doing Business 2020’

ISLAMABAD: Pakistan bags a slot amongst World Bank’s ‘Top 20 Improvers in Doing Business 2020,’ it emerged on Friday.

invest with imarat

Islamabad’s emerging city centre

Learn More

The list highlighted that Pakistan has improved in six areas that were measured by ‘Doing Business’. The six areas are: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders.

Due to an ambitious strategy and the establishment of National Secretariat and Prime Minister’s reform steering committee has reflected in Pakistan’s improvement in the six areas.

With an aim to facilitate businesses and improve the investment scenario, the Board of Investment (BoI) in association with the provincial governments of Punjab and Sindh, launched the ‘100 Days – Sprint-III’ to ‘Doing Business Reforms Plan’ in October 2018.

Among the improvements made like tax compliance and trading across borders, the real estate sector has also been significantly improved. The process of obtaining a construction permit had also been made easier after the Sindh Building and Control Authority (SBCA) and the Lahore Development Authority (LDA) had “streamlined approval workflows and improved the operational efficiency of their one-stop shops”, the report said.

Apart from Pakistan, India also made it to the list for easing to do business in four areas while China, implemented reforms in eight areas.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

9 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

2 days ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

3 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

4 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

4 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

4 days ago