ISLAMABAD -  Federal Finance Minister Ishaq Dar on Tuesday stressed on the need for ensuring coordination between all stakeholders for implementation of Ease of Doing Business Reform Strategy 2016.

He has directed the Ministry of Finance to work in close collaboration with other federal and provincial government organisations concerned, including Board of Investment, Federal Board of Revenue and Securities and Exchange Commission of Pakistan, in making every effort to facilitate the foreign as well as domestic investors and businessmen. He said that Pakistan is increasingly being identified globally as a business and investor friendly country.

He said that it was gratifying that the World Bank in its recently published Doing Business 2017 report has acknowledge Pakistan's progress towards the ease of doing business for small and medium-sized enterprises. As a result of government's measures, Pakistan has moved up four notches in the rankings compared to last year and is among this year's top 10 global improvers.

The minister emphasized that the government was fully focused on improving growth and productivity in all sectors of the economy be it agriculture, industry or services sectors. He stated that for improving business climate, the government has put into implementation a countrywide ease of doing business reform strategy with time bound measures to strengthen the business climate and foster private investments.

He directed that specific actions that are required to be taken for the purpose must be identified along with time lines. He observed that implementation of these time-bound reforms would significantly improve the country's business environment and act as a catalyst for increasing both domestic and foreign investment.