Pakistan, Feb. 16 -- The Ferozepur Raod Industrial Association (FRIA) has asked the authorities to undertake economic reforms and improve the regulatory environment for better Ease of Doing Business (EDB) level to boost foreign investment so that financial stability can be achieved in the long-run.
The FRIA Chairman Shahbaz Aslam stressed the need for reducing cost of doing business, besides evolving a new price control mechanism, as huge taxation, rising oil prices and constant jump in electricity and gas tariffs have lifted the inflation to decades high level in 2024.
Shahbaz Aslam said that according to the World Bank's Ease of Doing Business report, Pakistan's ranking has fluctuated, reflecting persistent obstacles such as bureaucrati...