Investors lash out at bureaucratic hurdles

Chinese investors have complained about the lack of ease of doing business and the bureaucratic hurdles. Sources told The Express Tribune that those issues were raised by the Chinese investors and the ambassador during recent meetings with the special assistant to the prime minister (SAPM). They voiced concern over high utility bills, calling them an obstacle to investment in Pakistan. The other challenge encountered by the investors was acquiring credit facilities from banks. "The lack of ease of doing business and bureaucracy are the key hurdles to investment," a source said quoting the investors. At present, the Federal Board of Revenue (FBR) is installing cameras in industrial units, which has met with resistance from the investors, who said that such monitoring would hurt their privacy.