ITC as a Research Partner of Ease of Doing Business Conference
The All Pakistan Business Forum (APBF) organized one day conference titled “Ease of Doing Business in Pakistan” on 5th April, 2017 at the Pearl Continental Hotel Lahore. The Institute of Trade and Competitiveness (ITC) was the research partner of this high-profile conference. This conference highlighted and assessed the opportunities and challenges faced by both local and foreign business communities in Pakistan.
The conference aimed to find answers to the following questions through experts’ opinion sessions,
1. “Where we are”
2. Is Pakistan ready for Global Business”
More than 250 distinguished entrepreneurs, along with regulatory and industrial experts from the public and private sectors shared their knowledge in the conference. The diplomatic community, academia and media also graced the event, to portray a positive image of Pakistan as a destination of choice for global investors. Governor Punjab – Mr. Rafique Rajwana and Minister of Commerce – Mr. Khurram Dastagir Khan were the Chief Guests during the two insightful sessions.
Federal Commerce Minister Khuram Dastgir Khan said that Pakistan is ranked in the list of top 10 countries that are introducing reforms for ease of doing business. He was of the view that Pakistan’s global image does not fully depict the country’s potential and a complete rebranding of the country is needed in the eyes of international investors. However, he admitted that all the issues especially terrorism and energy crises are chronic which cannot be overcome quickly.
Governor of Punjab Mr. Rafique Rajwana in his address appreciated the effort of APBF and ITC for boldly taking up the step to address the issues of both local and international business community. He also stressed that research think tanks like ITC are need of the day.
Ambassador of the European Union to Pakistan Jean Francois Cautain stated that Pakistan should focus on skill development as trends are changing and it is necessary to invest in this category. US Consul General in Lahore Yuriy R Fedkiw also expressed his views on the occasion and affirmed US support to strengthen Pakistani economy.
APBF President and CEO ITC, Mr. Ibrahim Qureshi said that though Pakistan is continuously slipping on the Ease of Doing Business index, he does not believe that this case is true. He further said that there are some issues on the processes which need to be fixed so the inflow of foreign as well as local investments can increase.
The speakers shared the success stories in leading sectors of Pakistan, besides highlighting the potential of the most promising sectors of Pakistan’s economy, like; Telecom, ICT, Energy, Retail, Automotive, Agriculture, Manufacturing, Education and Real-estate.