According to a new report by global think tanks, Pakistan has now become one of the 10 top economies with the most improved business environment.
China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and some other institutions have released a highly encouraging report about the growing reputation of Pakistan on Investment Security of China’s Belt and Road Construction (2021).
According to the report, Pakistan has made a lot of reforms to simplify the process of initiating a company and getting the construction permit, implementing a series of preferential policies. Due to these steps, Pakistan has become able to attract foreign investments and strengthened the ease of doing business regularly.
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After taking such measures, Pakistan has now become one of the 10 top economies with the most improved business environment. This is the outcome of the researches on the political, economic, social, cultural, and ecological investment security in Pakistan along the Belt and Road Initiative (BRI). As far as political security is concerned, the report says that South Asia has been greatly influenced by the superpowers game.
The countries such as China, United States, Russia, Japan, etc., have historical ties and cooperation of one or the other type here. This thing makes the region complicated. The conflicts between Pakistan and India have also complicated the political security in the region. As compared to 2010, the country’s security scores have been up by 220% in 2019 which indicates growth.
Pakistan Among Top Nations With Ease Of Doing Business Environment
The startup of CPEC has greatly increased public confidence, domestic demand, and driven production. From the year 2019, the accelerated marketization of the domestic exchange rate has led to market fluctuations, currency devaluation, sustained inflation, putting pressure on the government to raise the benchmark interest rate. Along with this, the debt burden increased and the international sovereign rating decreased.
As far as social security is concerned, the country’s social security has been rated at a middle and low level. The terrorist attacks caused social unrest in Pakistan. Threats to the safety of workers of foreign investors are undermining the confidence of international investors.