Public-private partnership can improve ranking in EODB: LCCI

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Lahore : Pakistan’s ranking in ease of doing business can be improved through public-private partnership therefore government should take business community on board.
In a statement, the LCCI President Malik Tahir Javed has said that country’s ranking should be improved to achieve the required economic goals.
He said that it always remained a matter of concern for the economy. Ease of Doing Business in Pakistan averaged 112.78 from 2008 until 2016, reaching an all time high of 148 in 2015 and a record low of 85 in 2009.
LCCI chief said that the cost of doing business is hindering the growth of all sectors of economy whether it is manufacturing or agriculture. He said that Pakistani merchandise are best of the best in the world but fast losing their due place in the international market because of high input cost in Pakistan.

He said that ease of doing business, generation of cheap electricity and good governance should be the corner stone of the new economic methodologies to be implemented.
He said that there are a number of issues that must be tackled on priority, the biggest one is how to keep the momentum of growth in the wake of a less than targeted growth of the Agriculture and the Manufacturing sector. The second one is the widening gap between exports and imports that could be contained by enhancing exports.
Chamber’s President said that the agriculture is the largest sector of Pakistan as around 43% labor was dependent upon the agriculture. They said that this largest sector needs revolutionary reforms on war footing.

He said that growth of agriculture sector would not only ensure food security and provision of raw material to the larges export-oriented industry textile but would also generate huge revenue for the government and vast employment opportunities.

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