Engineering Post Report
International Monetary Fund (IMF) in its recent report “Economic Governance Reforms to Support Inclusive Growth” has said that Pakistan has reduced the period for obtaining for obtaining permits required for construction through reforms of the business laws.
“Pakistan is one of the countries in the Middle East, North Africa and Central Asia where time period has been reduced because of the measures taken for the development of construction sector”
The IMF in its report as also said that digitalization and e-services initiatives could help improve the quality of services by limiting individual decisions whereas incentives offered can also help improve performance.
The report pointedly stated that Pakistan has increased tax revenues by giving incentives to tax collectors, developing countries over the past decade have take a number of steps to improve business environment and regulations, which have resultantly increased the provision of business facilities.
