Pakistan has taken numerous steps for ease of doing business to promote investment in country: President Alvi

ISLAMABAD, Mar 18 (SABAH): President Dr. Arif Alvi launched Asaan Karobar Program in Islamabad on Friday aimed at improving Pakistan’s business environment particularly for Small and Medium Enterprises.

Addressing the launching ceremony, President Dr. Arif Alvi said Pakistan has taken numerous steps for ease of doing business to promote investment in the country.

He urged the Board of Investment to make Asaan Karobar Program interactive to receive complaints from the business community.

He said red-tapism, a specific mindset, incompetence and corruption are some of the main causes which hinder ease of doing business and as a result cost of doing business is increased.

President Dr. Arif Alvi called for improving efficiency and utilization of ombudsman for early resolution of problems.

Earlier speaking on the occasion, Adviser on Commerce Abdul Razak Dawood said ease of doing business and reducing cost of business are the key to industrialization and economic uplift of the country.

The Adviser said due to prudent policies of the government Pakistan’s ranking in the ease of doing business stands improved.

In his remarks, Country Director World Bank Najy Benhassine lauded Pakistan’s efforts for introducing reforms to promote business in the country.

Terming Pakistan’s achievements remarkable, he said Asaan Karobar Program will help to simplify regulations. He assured that World Bank will continue to support Pakistan to implement reforms initiatives.