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Exports to achieve document ranges by 2023: Razak

by Pakistan Latest News Update

ISLAMABAD: The federal government would take exports to document ranges by 2023 by offering a greater enterprise atmosphere for the economic sector within the nation, Commerce Adviser Abdul Razak Dawood stated on Wednesday.

Addressing the launching ceremony of Seventh Reform Motion Plan organised by the Board of Funding (BoI), the adviser to the prime minister stated bettering Pakistan’s Ease of Doing Enterprise (EoDB) rating will enhance international funding within the nation.

“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 stated.

“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 decrease the cost of doing business in the country,” he added.

BoI secretary Fareena Mazhar stated that to this point Pakistan has carried out six reforms motion 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 stated.

Printed in Daybreak, August 26th, 2021

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