Pakistan among top for doing business: WB
Thursday, May 01, 2008
KARACHI: Pakistan has been ranked as one of the top favourable economies in the world, states “Doing Business 2008”, a recent report released by the World Bank.
According to the report, Pakistan ranks second compared to other South Asian countries, based on certain economic indicators such as ease of doing business, dealing with licences and protecting investors as identified by the analysts.
The following countries are Sri Lanka, Bangladesh and Nepal. Pakistan has a comparatively better business environment in terms of paying taxes and registration of assets, the report adds.
The report evaluates business activities based on regulations affecting the 10 stages of a business life, which are starting a business, dealing with licences, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
It is pertinent to note that in the overall global rating of 178 countries, Pakistan is rated 76th, as compared to India at 120. With Pakistan’s fast-paced IT industry, it is emerging as a powerhouse in the South Asian region due to the government’s friendly policies.
These include 100 per cent foreign equity ownership, 100 per cent repatriation of profits for foreign investors and tax exemption for the sector till 2013.
The availability of a large pool of English-proficient skilled professionals, affordable connectivity rates, competitive infrastructure and operational costs are some of the other benefits that Pakistan enjoys. Due to the same, an increasing number of foreign IT companies prefer Pakistan for their outsourcing operations and setting up development centres.
“Doing Business 2008” is the fifth in a series of annual reports that evaluates the regulations which directly impact economic growth, provides objective measures of business regulations and their enforcement. The data is collected across 178 countries and selected cities at the sub-national and regional level.
Filed under: Current Affairs, Pak CA, Politics | Tagged: Pakistan, World Bank




















Out of the various strategies employed by the Modern Orientalists is to exaggerate the problem, scare the people, list unrelated points, and join the dots in a manner that it serves their purpose of creates a rationale for their thesis or action items.









The Aqua Wars
sheds sunshine on facts based on historical narratives.
A Bangladeshi visit to Pakistan shatters her paradigms






British defeat at Battle of Maiwand
Islamabad
Resurrecting the Pakistan-Afghanistan Confederation
US bases protecting pipelines to Israel
Iran Pakistan Pipeline











Search the sites
Translate


























Please donate to keep us going: No amount is too small. Leave your email in comments with an amount (secure, and will not be published) and we will invoice you. Or donate directly.







Force is all-conquering, but its victories are short-lived. ~Abraham Lincoln In 1821









2009: On August 15, India’s independence day, Lal Chowk, the nerve centre of Srinagar, was taken over by thousands of people who hoisted the Pakistani flag and wished each other “happy belated independence day”:-- Arundhati Roy
(Pakistan celebrates independence on August 14)

Modi & Hindu fundamentalist Modi in “India” funded by US Gujaratis
Governor Bobby Jindal is financed by Indian American Hotel Association and he supports the IAHA which funds Modi
Indian Hotel Association hosts Modi after US denied him a visa 





“We should have nothing to do with conquest.“ In Thomas Jefferson 1791
The PPPP emptied the treasury in 6 months!

Mr. Modi the Chief Minister was implicated in these riots--supported by Indian Hotel Owners Association in America--the same group that supports Gov. Bobby Jindal


-------------------------------------








Laden's secure mountain hideout?

Its would really pleasure if it was really fact, but dear writer please check the Report “Doing Business 2008″ shown the pakistan standing at Number 76 which you have to check in country wise directory………as …………… the pubilisher of report, did not consider the Pakistan’s name obviously as they have mentioned 1st – 25 rannked countries in thier narrated title report. Which is being quoted hereunder for your reference:
QUOTE:
WASHINGTON, D.C., September 26, 2007 — Thanks to reforms of business regulation, more businesses are starting up, finds Doing Business 2008—the fifth in an annual report series issued by the World Bank and IFC. Countries in Eastern Europe and the former Soviet Union reformed the most in 2006/07—along with a large group of emerging markets, including China and India.
This year Egypt tops the list of reformers that are making it easier to do business. Egypt greatly improved its position in the global rankings on the ease of doing business, with reforms in five of the 10 areas studied by the report. And for the second year running, Singapore tops the aggregate rankings on the ease of doing business.
Besides Egypt, the other top 10 reformers are, in order, Croatia, Ghana, FYR Macedonia, Georgia, Colombia, Saudi Arabia, Kenya, China, and Bulgaria. Another 11 countries—Armenia, Bhutan, Burkina Faso, the Czech Republic, Guatemala, Honduras, Mauritius, Mozambique, Portugal, Tunisia, and Uzbekistan—had three or more reforms. Reformers made it simpler to start a business, strengthened property rights, enhanced investor protections, increased access to credit, eased tax burdens, and expedited trade while reducing costs. In all, 200 reforms—in 98 economies—were introduced between April 2006 and June 2007.
“The report finds that equity returns are highest in countries that are reforming the most,” said Michael Klein, World Bank/IFC Vice President for Financial and Private Sector Development. “Investors are looking for upside potential, and they find it in economies that are reforming—regardless of their starting point,” he added. Large emerging markets are reforming fast: China, Egypt, India, Indonesia, Turkey, and Vietnam all improved in the ease of doing business.
Eastern Europe and Central Asia, as a region, surpassed East Asia this year in the ease of doing business. Several of the region’s countries have even passed many economies of Western Europe on this score. Croatia, FYR Macedonia, Georgia, Bulgaria, and Hungary are among the region’s top reformers. Estonia, the most business-friendly country of the former socialist bloc, ranks 17th on the ease of doing business. Georgia and Latvia are also in the top 25. “The results show that as governments ease regulations for doing business, more entrepreneurs go into business,” said Simeon Djankov, lead author of the report. “Eastern Europe has witnessed a boom in new business entry that rivals the rapid growth in East Asia in the past,” he said.
In Africa, the pacesetters are Ghana and Kenya. Reform elsewhere in the region was uneven, with nearly half the countries not reforming at all. With a global ranking of 27th, Mauritius tops the rankings in Africa on the ease of doing business—and also had the most reforms in the region, with improvements in six of the 10 areas studied by Doing Business. Also leading reform in southern Africa were Madagascar and Mozambique. In West Africa, little reform took place other than in Ghana and Burkina Faso.
Reform in the Middle East and North Africa is picking up speed, led by Egypt, Saudi Arabia, and Tunisia. Latin America and East Asia are at the bottom of the list of reformers. China was the standout in East Asia, implementing far-reaching new private property rights and a new bankruptcy law.
Higher rankings on the ease of doing business are associated with higher percentages of women among entrepreneurs and employees. “Greater regulatory reform has especially large benefits for women,” said Caralee McLiesh, an author of the report. “Women often face regulations that may be aimed at protecting them but are counterproductive in effect, forcing them into the informal sector. There women have little job security and few social benefits.” In the Democratic Republic of Congo, where women need their husbands’ consent to start a business, they run only 18 percent of small businesses. In neighboring Rwanda, which has no such regulations, women run more than 41 percent of small businesses.
Doing Business 2008 ranks 178 economies on the ease of doing business. The top 25, in order, are Singapore, New Zealand, the United States, Hong Kong (China), Denmark, the United Kingdom, Canada, Ireland, Australia, Iceland, Norway, Japan, Finland, Sweden, Thailand, Switzerland, Estonia, Georgia, Belgium, Germany, the Netherlands, Latvia, Saudi Arabia, Malaysia, and Austria.
The rankings are based on 10 indicators of business regulation that track the time and cost to meet government requirements in business start-up, operation, trade, taxation, and closure. The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions, or crime rates. Since 2003 Doing Business has inspired or informed more than 113 reforms around the world.
UNQUOTE:
We dont have to satisfy from reports but we all as a nation have to critical access and grading on our own at every level, and supposed to make every efforts to be the best to lead the globalization………… as by the grace of God we have all resources with tallents, harworking will to be best to lead …….just needed good governess with our natural honest ehthical values as whole in public and Political elites, to restructure and reform to make our home land heaven,
Something for the Mush-haters? Thanks for adding me on blogcatalog!