Amraiz Khan
Lahore
Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that in the World Bank doing business report 2020, Pakistan improved by 28 points on the ease of doing business ranking from 136 to 108 out of 190 economies. Provincial Minister said in order to make Pakistan and Punjab’s economy grow faster, it is utterly important to continue with our efforts to ensure a conducive business environment.
The Provincial Minister said that government is moving towards right direction by adopting more business friendly policies. Government is fully committed to serve and facilitate its business community.
At present around 52 incubation and acceleration programmes exist in the country from each of which 7-15 startups are graduating every year. In addition incubators and accelerators, the start-ups of echo system has been strengthened further by co-working spaces, business process outsourcing services, 11 fellowship programmes growing scale of angel investment and the launch of local chapter of global initiatives.
He expressed these views while addressing lift Pakistan 2019 conference hosted by Jump Start Pakistan, here at a local hotel. A large number of investors and overseas Pakistanis attended the conference. While addressing the conference, Provincial Minister congratulated Jump Start Pakistan and its team and all collaborators for their efforts who organized this event.
He said it is an excellent platform that brings together the creative young mind professionals academicians, entrepreneurs and leading business personalities to explore new opportunities in the real potential of growth of our nation. He said Pakistan is ranked at number 4 for free launce development in the world and IT exports have increased 70% during the last three years. Pakistan has more than 2000 IT companies and call centers, and 300000 English speaking IT professionals and 20 thousand IT graduates and engineers being produced annually.
He said that government is working aggressively towards creating a comprehensive start of ecosystem, so as to channel the real potential of this growing market.
He said our government has taken measures which will guarantee and ensure that the business community’s investments in Punjab are secured and their return are assured. Punjab government has recently launched e-pay, a mobile application for all business to government and public to government. Payments in order to facilitate the public and improve country’s revenue collection through easy payment solutions.