Pakistan in top 10 for improvement in business

July 26, 2021

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China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University have issued a report on Investment Security of China’s Belt and Road Construction for the year 2021.

The report presents the results of a study on the security of political, economic, social, cultural and environmental investments in the countries of the Belt and Road Initiative (BRI) including Pakistan.

As per the report, Pakistan has undertaken reforms in recent years to make it easier to set up a company and obtain building permits, and has introduced a number of preferential policies, according to the report. According to the China Economic Network (CEN), these measures have improved its ability to attract foreign investment and made it easier to do business year after year, making Pakistan one of the 10 largest economies in the world with the best improved business environment.

In terms of political security, the report says the great power game is having a major impact on all of South Asia. China, the United States, Russia, Japan and other countries outside the region have historical ties and practical cooperation, which complicates the geopolitical environment in South Asia.

In terms of economic security, Pakistan’s economic security performance in 2019 increased 220 percent compared to 2010, indicating an overall upward trend. The construction of the China-Pakistan Economic Corridor (CPEC) has significantly increased public confidence, increased domestic demand and increased production.