ISLAMABAD – The World Bank has given Pakistan the status of ‘Top Reformer’in South Asia for introducing new reforms.
The President of the World Bank will also visit Pakistan later this month
According to details, Pakistan’s ranking has improved for the first time inlast fifteen years in ‘Ease of Doing Business Index’ and now the countrystands at 136th rank.
This year, the World Bank recognized six of the nine reforms, after whichPakistan became the fastest-growing country in South Asia.
As per World Bank, Pakistan showed significant improvements in 6 fieldsincluding start-up business, obtaining construction permits, obtainingpower supply and property registration, paying taxes and trading acrossborders.
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The World Bank recognized that the process of computerized Punjab LandRecords, introduced in the tenure of former Chief Minister Shahbaz Sharif,has improved the registration of property.
The President of the World Bank, David Malpass will arrive in Islamabad onOctober 31. Reportedly, World Bank President and Prime Minister Imran Khanare expected to jointly chair the Steering Committee meeting on BusinessReforms.
The visit aims to welcome Pakistan’s inclusion in the Top 20 GlobalReformers and launch future strategies to improve the country’s overallrankings in Ease of Doing Business Index.
