Doing Business Reform Strategy 2016
Islamabad—Finance Minister Ishaq Dar, Saturday, stressed on the need for ensuring coordination with all stakeholders for implementation of Doing Business Reform Strategy 2016. He further directed the concerned institutions to identify specific actions required for the purpose along with time lines. While chairing a meeting to review the progress on the implementation of the Doing Business Reform Strategy 2016, Finance Minister observed that every effort should be made to facilitate the foreign as well as domestic investors and businessmen.
Finance Secretary briefed the Finance Minister on the reform measures being taken to cover all the ten Doing Business indicators. These indicators include starting a business, dealing with construction permits, getting electricity, registering a property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Finance Secretary also briefed the meeting on the proposed way forward for improving the country’s ranking in the Ease of Doing Business Index.
Dar said that Pakistan is increasingly being identified globally as a business and investor friendly country. He opined that Pakistan must take full advantage of the improvement in the economy as well as security situation. Chairing a separate meeting held here to discuss performance of Federal Board of Revenue (FBR) in achieving the revenue collection targets, Finance Minister, directed the FBR team to put in the best efforts for achieving the annual target. He emphasized the importance of enhanced revenue collection in the background of country’s need for development and for achieving higher rate of inclusive and sustainable growth.
Chairman FBR Nisar Mohammad Khan briefed the Finance Minister about the strategy and measures being adopted for improvement in revenue collection for achieving the annual target of revenue collection assigned to FBR. The chairman said that directives have been issued to the core team members to improve collections.