ISLAMABAD – Pakistan ranks top 10 in improvement of business environment, says Annual Report on Investment Security of China’s “Belt and Road” Construction (2021).
According to China Economic Net on Sunday, the report was jointly released by China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and other institutions. The report puts forward the fruits of researches on the political, economic, social, cultural, and ecological investment security in countries along the Belt and Road Initiative (BRI).
According to the report, Pakistan has reformed to simplify the process of starting a company and obtaining a construction permit, implementing a series of preferential policies in recent years.
These measures improved its ability to attract foreign investment and strengthened the ease of doing business year by year, making Pakistan one of the world’s top 10 economies with the most improved business environment.
From the perspective of economic security, Pakistan’s economic security scores up by 220 percent in 2019 compared to 2010, showing an overall trend of growth.
The construction of the China-Pakistan Economic Corridor (CPEC) has greatly boosted public confidence, stimulated domestic demand, and driven production.
However, it is worth noting that since 2019, the accelerated marketization of the domestic exchange rate in Pakistan has led to market fluctuations, currency devaluation, sustained inflation, forcing the government to raise the benchmark interest rate.