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BoI, MISHAL join hands to improve Pakistan’s CGI ranking

BoI, MISHAL join hands to improve Pakistan’s CGI ranking

ISLAMABAD: The Board of Investment (BoI) and the World Economic Forum’s partner institute on global competitiveness, MISHAL, have agreed to assume reforms aligned to the Global Competitiveness Index (GCI).

The MISHAL team visited BoI to brief the board’s secretary Fareena Mazhar and her team on GCI. The BOI secretary thanked the MISHAL team for elaborating the competitiveness challenges faced by Pakistan.

She also emphasised that the government was working in the light of Prime Minister Imran Khan’s vision to improve the country’s competitiveness.

Speaking in the occasion, MISHAL Pakistan Chief Executive Officer Amir Jahangir said, “The Global Competitiveness report is the flagship publication of the World Economic Forum, which identifies the attractiveness and the productivity of any country. There were factors and policies that determine the competitiveness of any country and Pakistan could improve if the right attention was given to institution building and appropriate policies, where the primary focus should be in improving a more connected digital ecosystem of the country.”

MISHAL Director Puruesh Chaudhary informed the BoI members that 2020 report would be launched on November 18, 2020, and would include the impact of the Covid-19 on competitiveness, outlining economic policy measures that could revive economy while achieving economic transformations.

BoI Additional Secretary Mukarraam Jah Ansari stated that Pakistan had been performing quite well on the Ease of Doing Business ranking and the government wanted to undertake the similar reforms in the areas which were included in the GCI report.