Dubai: The World Bank has acknowledged Pakistan amongst top 10 economiesthat improve the most on the ease of doing business after implementingregulatory reform.
The World Bank ranked Pakistan at number six amongst the top 20 globalreformers. As per the report, Pakistan has improved 28 ranks, from 136 to108. It has also acknowledged top 10 economies including Pakistan thatimproved the most on the ease of doing business after implementingregulatory reforms.
A conducive investment climate is instrumental in attracting both domesticand foreign investment by providing a more facilitative institutional,policy and regulatory environment for businesses to operate, says thereport.
The World Bank’s Report on Doing Business (DB) ranks economies across theworld annually on the basis of 10 comprehensive areas in the life cycle ofa business.
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In Doing Business report 2020 Pakistan improved 28 ranks. Since the launchof DB report in 2002, it is the first time that Pakistan has jumped 28points in one year with 06 reforms. This report measures the performance inease of doing business in 190 countries.
Doing Business 2020 acknowledges top 10 economies including Pakistan thatimproved the most on the ease of doing business after implementingregulatory reforms.
