ISLAMABD – Pakistan has improved its ranking by 11 points and moved from147 to 136 in Doing Business Report 2019.
The Doing Business report is published by World Bank, which measures theperformance in ease of doing business in 190 countries. The rankings ofcountries in the report indicate competitiveness as well as highlights theareas where reforms are immediately needed to improve business climate inthe country.
Since the launch of DB report in 2002, it is the first time that Pakistanhas jumped 11 points in one year.
Board of Investment, being the secretariat of Prime Minister s SteeringCommittee on Doing Business Reforms , briefed the press on the reformsbehind improvements made in Pakistan s ranking and reforms being introducedto improve it further.
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Three reforms have been acknowledged; Pakistan made starting a businesseasier by introducing the online one-stop registration system; replacedseveral forms for incorporation with a single application and; establishedinformation exchange mechanism between the Securities and ExchangeCommission of Pakistan (SECP) and Federal Board of Revenue (FBR).
