ISLAMABAD, (APP):The Board of Investment (BOI) has decided to launch reforms for further improve Pakistan\u2019s Ease of Doing Business (EODB) ranking to provide conducive business environment for foreign investment in the country.
\nThe BOI to launch \u20187th Reform Action Plan\u2019 that will further improve Pakistan\u2019s Doing Business Ranking (EODB) to further build on the pace and progress of Pakistan\u2019s reform journey, said a press release issued by BOI here on Monday.
\nThe Board of Investment (BOI) in collaboration with World Bank Group (WBG) would be launching 7th Reform Action Plan on August, 25th 2021.
\nAccording to press release issued here, 0ver 80 reforms have been identified as Ease of Doing Business (EoDB)’s ten indicators for implementation at Federal and Provincial levels.
\nThe 7th Action Plan specifically focused on automation, introduction of smart regulations and creation of a digital eco system that will promote transparency and efficiency.
\nEvery year, BOI in collaboration with more than 30 federal and provincial agencies and World Bank Group prepared reform plan containing various reform actions across ten business indicators of Doing Business Report.
\nSo far, six reform plans have been implemented and it was expected that the 7th reform plan will further improve Pakistan\u2019s ranking in Doing Business Report 2023.
\nSince 2018, Pakistan has progressed from 147th position to 108th in global ranking.
\nPakistan\u2019s stellar performance in the last two years, with a jump of 39 positions put Pakistan among top ten reformers in the world.
\nIt is projected that Pakistan will jump several positions in the Doing Business Reports 2021 and 2022, likely to be published in December 2021.
\nBoard of Investment was confident that sustained reform momentum would increase Pakistan\u2019s attractiveness as a preferred investment destination at global level.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, (APP):The Board of Investment (BOI) has decided to launch reforms for further improve Pakistan\u2019s Ease of Doing Business (EODB) ranking to provide conducive business environment for foreign investment in the country. The BOI to launch \u20187th Reform Action Plan\u2019 that will further improve Pakistan\u2019s […]<\/p>\n
\n","protected":false},"author":2,"featured_media":16127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[6647,9906,9905,694],"class_list":["post-16126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-boi","tag-eodb-ranking","tag-improving-pakistans","tag-launch"],"yoast_head":"\n