Advisor to PM for Commerce, Investment, Industries & Production and Textile, Abdul Razak Dawood has said that more work has to be performed and cut down on more processes to improve ease of conducting business in Pakistan.
The statement comes following the World Bank’s released its latest Ease of Doing Business Index 2020, where Pakistan showed improvement jumping up 28 places on the index and clinching the position compared to 136th place last year.
The adviser said that there are a number of’superfluous’ procedures and processes. The advisor added that the ministry of oil and ministry of electricity have already given their record of procedures and all of the process that they’ve opted to cut out in order to improve the ease of doing business.
The advisor said that the World Bank rankings was based on Punjab and Sindh just, so we will have to bring into it in Baluchistan and Khyber Pakhtunkhwa that they also get beginning improvements in ease of doing business. “We have to return from the provincial level to the district and tehsil level, there are many procedures that are down there which we have to eliminate,” he said. “
The reform agenda has many noteworthy features to boost quality of regulations, reduce time and streamline processes. This speed needs to be sustained in the coming years for Pakistan to continue to make progress.”
Pakistan was among the improvement nations in Nigeria, sitting alongside Saudi Arabia Togo, Bahrain, Tajikistan, Kuwait, China, India, and Doing Business 2020. “The World Bank’s Ease of conducting business is only 1 subset of the total improvement that we’ve at the ease of conducting business, there are still many things that we have to perform beyond the World Bank criteria,” said Dawoodsaid