Pakistan has a top ten position in terms of improving the business environment
Pakistan is becoming a more business-friendly country, as seen by its incredible rise in international rankings to improve the business environment.
According to China, this information comes from the annual study on Investment Security of China’s Belt and Road Construction (2021), which was released jointly by the China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and other institutions Economic Net.
The study outlines the findings of the researchers’ attempts to analyze political, economic, cultural, and environmental investment security in Belt and Road Initiative nations (BRI).
According to the research, Pakistan has implemented a series of preferential policies to streamline launching a business and acquiring a building permit.
These efforts, according to CEN, have boosted Pakistan’s ability to attract foreign investment and strengthened the ease of doing business year after year, making it one of the world’s top ten nations with the best business environment.
In terms of economic security, Pakistan’s financial security scores have increased by 220 percent during 2010, indicating an upward trend. The China-Pakistan Economic Corridor (CPEC) has significantly increased public confidence, spurred local demand, and enhanced production.
However, since 2019, Pakistan’s increased marketization of the local exchange rate has resulted in market volatility, currency depreciation, and prolonged inflation, pushing the government to hike the benchmark interest rate. Furthermore, the debt burden grew, and the country’s international sovereign rating declined.