ISLAMABAD: Pakistan bags a slot amongst World Bank’s ‘Top 20 Improvers in Doing Business 2020,’ it emerged on Friday.
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.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
