Pakistan recognized for ease of doing business
has recognized Pakistan at the 105th position in ‘ Ease of Doing Business’, and at the 90th position in ‘ Starting a Business’.
Among the nine economies of South Asia, Singapore tops the list, Maldives is at 79, Sri Lanka at 89, Pakistan at 105, Nepal at 107, Bangladesh at 122, India at 132, Bhutan at 142 and Afghanistan at 160. As such, Pakistan has the top position for ease of doing business in South Asia. On a global scale Singapore has topped the list for the fourth time consecutively. Hong Kong and New Zealand follow in the second and third positions, respectively.
The Ease of Doing Business index is meant to measure regulations directly affecting businesses. A nation’s ranking on the index is based on the average of 10 sub- indices: 1. Starting a business - Procedures, time, cost and minimum capital to open a new business. Europe and Central Asia, 18 in the Middle East and North Africa and 8 in South Asia, as well as 31 OECD high- income economies. The indicators are used to analyze economic outcomes and identify what reforms have worked, where and why.
The aggregate ranking on the ease of doing business benchmarks each economy’s performance on the indicators against that of all other economies in the Doing Business sample. While this ranking tells much about the business environment in an economy, it does not tell the whole story. The ranking on the ease of doing business scale, and the underlying indicators, do not measure all aspects of the business environment that matter to firms and investors or that affect the competitiveness of the economy. Still, a high ranking does mean that the government has created a regulatory environment conducive to doing business