ISLAMABAD: Pakistan has jumped up 28 places on the World Bank’s Ease of Doing Business Index and currently stands at the 108th position according to the World Bank’s annual flagship report “Ease of Doing Business 2020”.
Along with carrying out six reforms that contributed to improving the score from 61 to 52.8, Pakistan has also secured a place among the top ten global business climate improvers.
Acknowledging the improvement, World Bank Country Director for Pakistan Illango Patchamuthu credited the Federal Government and Provincial Governments of Sindh and Punjab for their collective and coordinated actions of over the past year that helped Pakistan. He further said sustaining the improved quality of regulations and streamlining processes is essential to continue to make progress.
Used as a guide by the foreign investors to make decisions regarding investments, the Ease of Doing Business Index Pakistan report was based on surveys carried out in Lahore and Karachi. The results are based on the work done from November 2018 to June 2019.
The major reforms that helped improve the score include ease of starting a business, obtaining a construction permit, paying taxes, getting electricity, cross-border trade and property registration.
For news and blogs, visit Graana.com.
