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Secretary General (Federal) of the Businessmen Panel Ahmad Jawad appreciative of business reforms introduced by the federal government has suggested its extension to Peshawar and Quetta too. He said extension of ease of doing business in other cities of the country other than Karachi and Lahore is needed for a greater economic push.

"Pakistan having jumped up 28 places on the World Bank's Ease of Doing Business Index and clinching 108th position besides securing a place among top ten global business climate improvers are no mean feat," said Jawad. He emphasized that these could be further modified with equal attention to enhance the number of reforms so as to turn the country's image all the more attractive among the world community.

He mentioning that in the recent World Bank Report, issued was based on surveys carried out in Lahore and Karachi with focus on six different reforms introduced during last one year suggested that these must also include Peshawar and Quetta with every potential to further raise country's ranking in terms of Ease of Doing Business. "Importance of Ease of Doing Business Index, mostly used as a guide by foreign investors to learn more about a country, can not be ignored," said Jawad reminding that these help aiding the decisions related to pouring of money into the economy.

Similarly, he said government yet to initiate a transparent and clear privatisation process in its first seven months and yet to started privatisation process he said and further suggested that government may sell at least 50 percent shares of the state owned companies along with management to the private sector for the repayment of country debt which could help us and in future our expenses may also goes down. "One must understand new borrowing to repay previous loans is not a argument and you can't sell this to public if you may continue it".

Jawad also viewed to continue with the austerity drive there are so many organisations which cannot helpful for public and economy. Every year Commerce Ministry rendered billion of rupees to TDAP for promotion of exports but in last ten years we didn't saw optimum contribution of this authority instead of paying salaries to their staff and bribe the small trade bodies of this country often and on.

He suggested TDAP role may be shifted to FPCCI and let FPCCI may conducted few exhibitions to promote Pakistani products every year and for that Ministry Commerce may be release some funds to the Federation Chambers for specific purpose".

Copyright Business Recorder, 2020

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