ISLAMABD – Pakistan has improved its ranking by 11 points and moved from 147 to 136 in Doing Business Report 2019.
The Doing Business report is published by World Bank , which measures the performance in ease of doing business in 190 countries. The rankings of countries in the report indicate competitiveness as well as highlights the areas where reforms are immediately needed to improve business climate in the country.
Since the launch of DB report in 2002, it is the first time that Pakistan has jumped 11 points in one year.
Board of Investment, being the secretariat of Prime Minister s Steering Committee on Doing Business Reforms , briefed the press on the reforms behind improvements made in Pakistan s ranking and reforms being introduced to improve it further.
Three reforms have been acknowledged; Pakistan made starting a business easier by introducing the online one-stop registration system; replaced several forms for incorporation with a single application and; established information exchange mechanism between the Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR).