Mohammad Arshad Islamabad
To further build on the pace and progress of Pakistan’s reform journey, Board of Investment (BOI) in collaboration with World Bank Group is launching 7th Reform Action Plan tomorrow (Wednesday).
Over 80 reforms have been identified across ten Ease of Doing Business (EoDB) indicators for im-plementation at Federal & Provincial level. The 7th Action Plan specifically focuses on automation, introduction of smart regulations and creation of a digital eco system that will promote transparency and efficiency.
Every year, BOI in collaboration with more than 30 federal and provincial agencies and World Bank Group prepares reform plan containing various re-form actions across ten business indicators of Doing Business Report.
So far, six reform plans have been implemented and it is expected that the 7th reform plan will further improve Pakistan’s ranking in Do-ing Business Report 2023.
Since 2018, Pakistan has progressed from 147th position to 108th in global ranking. Pakistan’s stel-lar performance in the last two years, with a jump of 39 positions put Pakistan among top ten reformers in the world.
It is projected that Pakistan will jump several positions in the Doing Business Reports 2021 and 2022, likely to be published in December 2021.