Pakistan ranked among top 20 economies of the world
Dubai: The World Bank has acknowledged Pakistan amongst top 10 economies that improve the most on the ease of doing business after implementing regulatory reform.
The World Bank ranked Pakistan at number six amongst the top 20 global reformers. As per the report, Pakistan has improved 28 ranks, from 136 to 108. It has also acknowledged top 10 economies including Pakistan that improved the most on the ease of doing business after implementing regulatory reforms.
A conducive investment climate is instrumental in attracting both domestic and foreign investment by providing a more facilitative institutional, policy and regulatory environment for businesses to operate, says the report.
The World Bank’s Report on Doing Business (DB) ranks economies across the world annually on the basis of 10 comprehensive areas in the life cycle of a business.
In Doing Business report 2020 Pakistan improved 28 ranks. Since the launch of DB report in 2002, it is the first time that Pakistan has jumped 28 points in one year with 06 reforms. This report measures the performance in ease of doing business in 190 countries.
Doing Business 2020 acknowledges top 10 economies including Pakistan that improved the most on the ease of doing business after implementing regulatory reforms.