Pakistan on the track to become an investment hotspot: PM

Pakistan on the track to become an investment hotspot: PM

ISLAMABAD: Prime Minister Imran Khan has expressed confidence that Pakistan would become an investment hotspot after the World Bank improved Pakistan’s Ease of Doing Business Ranking by 28 points. The Premier said in his tweet, “Pakistan achieves biggest improvement in its history in WB ease of doing business rankings as over last decade Pakistan’s ranking had slipped more than 50 places. Now we have improved 28 places – from 136 to 108.”
He added, “Another of our manifesto commitments fulfilled – this time on ease of doing business but we still have a long way to go.” He also praised the contributions of those in the government who have made this possible and added, “Insha-Allah before the end of 2020, Pakistan will become one of the top places for investment.”
A report prepared by the International Monetary Fund (IMF) for its Executive Board meeting on July 3, 2019, to consider Pakistan’s request for US $6 billion Extended Fund Facility (EEF), had also underlined that coupled with macroeconomic factors and structural impediments, Pakistan’s previous ranking in the WB’s ease of doing business index obstruct inflow of foreign investment.
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