The #APBF has asked the government to introduce reforms
The APBF has asked the government to introduce reforms
APBF president Ibrahim Qureshi said that #Pakistan has slipped three places on the Word Bank’s Ease of Doing Business Index and is now ranked a lowly 147th among 190 economies, denouncing the government’s claim of pro-business image in the country. He said that the index is mostly used as a guide by foreign investors to learn more about a country, aiding decisions on pouring in money in the #economy
It is unfortunate that the country slipped from its last year’s rating despite the introduction of some reforms in areas of starting a business and making international #trade relatively easier. He said that the finance ministry mainly be blamed for the overall poor performance, as the country’s ranking declined on the indicators of paying taxes and getting credit.
#Pakistan lost 16 positions on the indicator of paying taxes, standing at 172, according to the 2018 report. Last year, Pakistan’s ranking was 156. One of the reasons behind the dismal performance was the increase in overall tax rates that surged to 33.8% of total profits.
