Thursday, June 1, 2023

Pakistan Among Top 10 Countries For ‘Business Environment’

According to a joint report by China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and other organizations on Investment Security of China’s Belt and Road Construction (2021), Pakistan Business ranking has taken a leap.

The country is now among the top 10 countries in terms of the business environment.

The report presents insights on political, cultural, economic, social, and environmental investment security in nations along the Belt and Road Initiative (BRI).  

According to the report, Pakistan has made reforms in recent years to make the process of starting a business and acquiring a building permit easier by implementing several favorable policies.

According to China Economic Net (CEN), these initiatives boosted Pakistan’s capacity to attract foreign investment and strengthened the ease of doing business year after year, making it one of the top ten nations in the world with the best business environment.

In terms of economic security, Pakistan’s economic security improved by 220 percent in 2019 compared to 2010, indicating an upward trend.

The China-Pakistan Economic Corridor (CPEC) has significantly increased public confidence, encouraged local demand, and enhanced production.

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