EODBEase of Doing Business
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de Veyra said the agency will comply with the requirements of the EODB law, and disclosed its officials are in the process of rewriting the agency's citizen's charter.
On the EODB, expectation is high in the business community about the law's stipulations for all government agencies and local governments to subscribe to a 3-7-20 ruling, meaning that simple transactions must be done within three days, complex transactions within seven days, and highly technical transactions within 20 days.
The EODB law wants to cut government red tape through, among other means, forcing government workers to finish business permits and applications within strict timelines, or else face severe penalties like suspension.
The Survey further highlights the impact of Insolvency and Bankruptcy Code and Goods and Services Tax (GST) on the improvement of the country's EoDB ranking, which jumped to 77 from 142 in the last four years.
'We are hopeful that with a rejuvenated FBR, supported by close coordination among the provincial tax authorities and the government's clear direction, the country will significantly improve its EODB rating,' she added.
needs to take measures and the projects for EoDB should be implemented faster so that the destiny of rich Pakistan may be achieved.
The LCCI president said that Pakistan is ranked at 136th place in the international index of EODB while those 'countries that have lesser resources than us are ranked higher'.
He was fairly optimistic that keeping in view the seriousness being exhibited by the present government towards resolving numerous issues and vowing to ensure Ease of Doing Business (EODB), the honorable Prime Minister Imran Khan would advise to relevant Ministry to look into this serious issue on priority and take steps to restore gas to industries at adequate gas pressure so that they could operate smoothly without any kind of trouble.
The chairman BoI said, Punjab had adopted the EODB system and now Sindh would also be transformed onto it.
Pakistan Prime Minister Imran Khan yesterday chaired a meeting to review progress on improving "ease of doing business" (EoDB) in the country.
The government's target to rank 40th in the Ease of Doing Business (EoDB) has been followed up with concrete steps to achieve it.
Gulf states will be hoping their reform drive will bring more of them towards the top-ranked Gulf Cooperation Council (GCC) UAE, which is ranked 31st in the World Bank's Ease of Doing Business (EODB) survey (Saudi Arabia currently ranks 82nd).