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BOI devising strategy for future investment

The Board of Investment (BOI) is devising a strategy for future investment to provide ease of doing business to local and foreign investors in the country. The BOI has formulated the new laws for registration of the companies and to improve administrative procedure for ease of doing business and market competitiveness, senior official of BOI told APP here on Thursday.
He said the Board has introduced e-filing system and also shortened the registration of new companies’ process for facilitating the investors to enhance the foreign investors. Replying to a question, he said that in recent months Pakistan had improved its World Bank’s (WB) ranking in ‘ease of doing businesses’ by 11 points to 136 from 147. He said the ‘Doing Business report’ 2019 was published by WB, which measures the performance in ease of doing business in 190 countries.
He said that now the country was gradually moving up and for next year, the government has set ambitious target to improve the ease of doing business ranking, to bring its ranking under 100 to attract maximum foreign investment in the country.” He said that BoI had made digital visa process for foreign investors and now they could apply online for business visa from anywhere and they would be responded in very short period of time.—APP