KARACHI: The Sindh Business Registration Portal (SBRP) was launched at “Sindh Doing Business Reforms Exhibition II” as part of the ease of doing business reforms in the province, a statement said on Wednesday.
The event was hosted by the Investment Department, government of Sindh.
The World Bank has been providing technical support to the provincial government for the implementation and facilitation of the doing business reforms. The Sindh government has also had the support of Department for International Development (DFID), UK.
The business environment in Pakistan registered a significant improvement last year when the World Bank’s flagship report, the Doing Business Index, showed Pakistan’s global rank as having risen by 11 places from 147 of the 190 in 2018 to 136. The province has a substantial role in this, as Karachi represents 65 percent of the weightage in the doing business methodology, whereas Lahore accounts for 35 percent of the ranking, it said.
Reforms to improve business environment with an objective to transform Karachi as an easy, competitive and business-friendly city in Pakistan, and in the region, have shown an improvement, and many reforms had already been implemented and are in practice at relevant government departments. Of all these reforms, the SBRP is one of the most salient, the statement said.
In addition, the Board of Revenue Sindh also launched its portal for tracking of property deeds at the event.
Through this portal citizens will be able to look for the progress of their property registration online.
Sindh Chief Minister Syed Murad Ali Shah said that the World Bank’s ease of doing business report is an important measure with economic and political consequences, and that the report has become one of the most important indicators for companies choosing countries to invest in.
He reiterated the resolve and commitment of the provincial government to undertake more reforms and adopt policies that create an enabling environment for the private sector and make doing business easy in the province.
Adviser to the Prime Minister for Commerce Abdul Razzak Dawood in his keynote address reaffirmed the focus of the government of Pakistan on creating an enabling business environment in the country by furthering the agenda of the ease of doing business reforms.