While government acknowledged that it could do better in the World Bank's Ease of Doing Business Index, it is pulling expertise together in a bid to rank higher this year.
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This has placed a big question mark over the investment climate in the country.
Besides, rampant uncertainty across the globe due to Covid-19 – including Pakistan – has encouraged international investors to hold back new investment plans until things settle down in the coming months and years.
The inflow of foreign direct investment (FDI) into the country dropped 32.5% to $1.55 billion in the first 10 months of current fiscal year 2020-21 compared to $2.3 billion in the same period of last year, the State Bank of Pakistan (SBP) reported on Friday.
Read: ‘One-window operation to boost investment’
In April alone, foreign investment improved to $158.4 million compared to $151.1 million in the same month of previous year.