ISLAMABAD: Pakistan has emerged among top-10 countries with ease of doing business. Beijing International Studies University, China Belt and Road Think Tank Cooperation Alliance reported this in their 2021 annual report.
Report says, 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.
In terms of political security, the report said that South Asia as a whole is greatly affected by the superpower game. China, the United States, Russia, Japan, and other countries outside the region have historical ties and practical cooperation here, which makes the geopolitical environment of South Asia complicated.
The long-running conflict between India and Pakistan has also intensified pressures on political security in the region, under which the dispute over Kashmir poses a long-standing risk of war.
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.
