ISLAMABAD (92 News) – Board of Investment (BoI) Chairman Haroon Sharif has said that about 8,000 companies have been registered in last six months through online portal.
Addressing a joint press conference along with Prime Minister’s Advisor on Commerce Abdul Razak Dawood, he said now any foreign company can be registered in Pakistan through an online portal and the entire process will be completed in four hours.
Govt striving to improve ranking in World Bank’s index
The BoI chairman has said the government is striving hard to improve Pakistan’s ranking in World Bank’s index.
He said any company after starting business in Pakistan will have to make multiple payments to the government and that has been reduced to facilitate the investors.
Government payments come down from 47 to 10
Haroon Sharif also said at present, the government payments, including taxes, have come down from 47 to 10 and by next year these will be further taken to single digit.
Property can be registered through portal
The BoI chairman said property can also be registered through portal in Karachi and Lahore respectively.
He said the government clarified the foreign investors, saying, “We are bringing 100 per cent changes to facilitate them and our reforms are being acknowledged internationally.
PM gives target to improve country’s ranking in business: Razak Dawood
Earlier, Adviser on Commerce Abdul Razak Dawood
said that Prime minister Imran Khan has given him the target to improve the country’s ranking in business.
While addressing press conference along with Chairman Board of Investment (BOI) Haroon Sharif, Razak Dawood said, “Our efforts are focused on improving the ranking of the country in terms of doing business.
The PM adviser said that Pakistan is currently ranked 136 among 190 economies in the ease of doing business and the prime minister has given them the target to improve it to one hundred in the current year.
Razak vows to establish dedicated EODB centers
He also mentioned that the government plans to establish dedicated Ease of Doing Business centers in the federal capital and the four provinces in the next three months to fully facilitate the entrepreneurs to make investments in the country.
Promissory note for the exporters
“We are bringing a promissory note for the exporters in order to address their liquidity issue,” the adviser said. “Our effort is that in future the tax refunds do not pile up,” he added.
Create immense job opportunities for youth
Abdul Razak Dawood explained that the process of industrialization has been started in the country which will create immense job opportunities for the youth.