Pakistan has improved its position in the World Bank’s (WB) Ease of DoingBusiness (EODB) Index for the second consecutive year, according to anannual report issued by the Security and Exchange Commission of Pakistan(SECP).
As per the World Bank’s latest rankings, Pakistan has improved its positionby 28 points from 136 to 108 which is an “unprecedented improvement”, thereport said.
Out of six reform areas acknowledged in the 2020 report, the highestimprovement of 58 points has been made in ‘starting a business’ indicator,where the SECP is leading the reform process.
Pakistan’s ranking in this indicator has improved from 130 to 72 and isplaced at the second position in South Asian countries in terms of ease ofstarting a business.
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The improvement, according to the SECP, is primarily due to the integrationof e-services with the Federal Board of Revenue (FBR) and the Employees OldAge Benefits Institution (EOBI) at the federal level and with businessregistration portals of Punjab and Sindh at the provincial level.
After this integration, SECP’s e-services offer a one-window facility forcompany registration with FBR, EOBI, provincial employees social securityinstitutions, the labour department and excise and taxation departments ofPunjab and Sindh.
