Govt should attract local and foreign investment: PBIF.

Karachi -- President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister, Mian Zahid Hussain has said efforts of Prime Minister Imran Khan to improve the business environment have worked well and the World Bank has improved Pakistan's ranking from 136th to 108.

Talking to the business community on Friday ,he said that a jump of 28 spots on the ease of doing business ranking covering 10 countries will improve image, confidence and the investment climate, he said.

Mian Zahid said that a lot has to be done to improve the economic situation as India has bagged 63rd position while last year it was at 77th notch on the index.

He said that the irritants hampering investment climate include incomprehensible policies, lack of continuity in policies, confusing and regressive taxation system, increasing cost of energy, difficulties in getting different permits, costly credit, lack of implementation in agreements and a weak dispute resolution system.

The former minister noted that central banks and the finance ministry has not done what was expected otherwise Pakistan would have jumped more notches on the...