Doing business in South Asia: Pakistan ranked 3rd in World Bank report: Minister

Federal Minister for Commerce, Maqbool H Rahmatoola said Sunday that the World Bank in its report 2012 ranked Pakistan as third in South Asia in case of doing business. Rahmatoola who is heading the Pakistani delegation at the 3rd Annual Investment Meeting (AIM), Dubai said the World Bank report showed that Pakistan is open to investment.
An official statement here said Chairman, Sindh Board of Investment (SBI) Muhammad Zubair Motiwala who is also among the delegation members urged foreign investors to strengthen democracy in Pakistan by making more investment.
Motiwala made a country presentation at the 3rd Annual Investment Meeting in Dubai on Sunday, the statement said. Representing Pakistan at the prestigious forum, he made a passionate plea to foreign investors present there to invest in sectors such as agriculture, textile, infrastructure and renewable energy.
He said the biggest challenge confronting Pakistan was the crippling energy crisis and urged them to help Pakistan resolve the same.
Explaining Sindh's competitive edge the Chairman said that Sindh offers the best returns and a very investor friendly environment with abundant resources. The Sindh delegation along with delegates from the Ministry of Commerce, Government of Pakistan and the Federal Board of Investment held a number of meetings with different delegations from around the world.