Reforms introduced in last three years have transformed Pakistan into an attractive destination for foreign investment and the country is attracting foreign investment as compared to other countries of the world.
In the WB report, which takes into account overall ease of doing business, based on a number of factors, including the degree of difficulty in starting a business, employing workers, protecting investors, trading across borders, and enforcing contracts, Pakistan scored better than even Italy, Greece and Brazil, it noted.
The financial sector reforms were providing a lot of incentives to the potential investors from across the globe, said official sources talking to Business Recorder.
"Pakistan is among the most dynamic countries which have grown rapidly during the past few years. Pakistan is one of the four or five countries that show most dynamism now in the global economy,' they said".
According to them, Pakistan is persistently showing good performance and moved upwards around 20 ranks during the past two to three years. Pakistan's policy of deregulation, a talented workforce and ease of doing business make it investment-friendly. They said Pakistan's leadership under President Pervez Musharraf has taken steps to deregulate Pakistan's telecom sector, facilitating companies to conduct business. The World Bank in its report, titled Doing Business 2007, showed Pakistan is in a better position than other regional economies.
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