Online
\nLAHORE
\nPakistan Industrial and Traders Association Front Chairman Mian Nauman Kabir has welcomed the status of \u2018Top Reformer\u2019 in South Asia given by the World Bank to Pakistan for introducing new reforms.
\nIt is a big achievement, he said and proposed the government for further structural reforms to address its longstanding issues, besides strengthening of institutions through legal framework to help economy be competitive.
\nPIAF chairman said that Pakistan\u2019s ranking has improved for the first time in last fifteen years in \u2018Ease of Doing Business Index\u2019 and now the country stands at 136th rank.
\nHe highlighted the government\u2019s focus on improving the ease-of-doing-business, as the results of the first quarter of the financial year had indicated that Pakistan\u2019s economy was on the path to stabilization and the reforms were demonstrating positive outcomes.
\nNauman Kabir said that this year, the World Bank recognized six of the nine reforms, after which Pakistan became the fastest-growing country in South Asia.
\nQuoting the report of World Bank, he said that Pakistan showed significant improvements in 6 fields including start-up business, obtaining construction permits, obtaining power supply and property registration, paying taxes and trading across borders.
\nMoreover, the World Bank recognized that the process of computerized Punjab Land Records, introduced in the tenure of former Chief Minister Shahbaz Sharif, has improved the registration of property.
\nPIAF vice chairman Javed Siddiqi said that the government\u2019s macroeconomic adjustment and demand management policies for stabilization have started making an impact as visible in the moderate growth of 3.3 percent in the FY2019. <\/p>\n","protected":false},"excerpt":{"rendered":"
Online LAHORE Pakistan Industrial and Traders Association Front Chairman Mian Nauman Kabir has welcomed the status of \u2018Top Reformer\u2019 in South Asia given by the World Bank to Pakistan for introducing new reforms. It is a big achievement, he said and proposed the government for further structural reforms to address its longstanding issues, besides strengthening […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-89450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n