Islamabad: Islamabad Chamber of Small Traders (ICST) on Saturday said the decision of the government to simplify the procedure of doing business in Pakistan is a laudable move and an important step in the right direction.
Easing doing business is the country is a great step towards ending dependence on loans and ensuring self-reliance, it said.
Currently, Pakistan stands at 136th position among 190 economies ranked by the World Bank’s Ease of Doing Business index while the government wants the country to be included in top fifty economies, said Patron ICST Shahid Rasheed Butt.
He said that the ambitious target is not impossible as the country is moving in the right direction but the speed of reforms is slow which must be expedited with the consultation of all the stakeholders.
Shahid Rasheed Butt said that ease of business would require the bureaucracy to change its mindset, reduce red tape-ism, discouraging corruption, simplification of tax and other laws, and easing visa regimes.
Trending
- Cleaners are the most important people of our society: Rai Muhammad Akbar
- Javed Badhanvi presides over an important meeting regarding the resettlement of 1989 refugees
- Illegal encroachments will not be tolerated under any circumstances: CEO Syed Ali Irfan Razvi
- Annual Siraj Al-Manira Conference holds at Masjid Hayat-ul-Nabi, Oldham, 2024.
- EKKE Rahman left Manchester on April 21, to reach Nepal, and after he will leave for Pakistan
- LIIBS 7th Edition, Unites Stakeholders for Collaborating for Growth
- Gwadar under water
- Broken Wings by Kahlil Gibran