Pakistan was listed among the World Bank’s list of ‘Top-20 improvers in Doing Business 2020’, it emerged on Friday.
According to the World Bank, Pakistan has improved in six areas measured by ‘Doing Business’, which are: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders.
The World Bank’s Doing Business project “provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level”.
As per the 2020 listing, Pakistan’s improvement in the six areas is a reflection of “the country’s development of an ambitious reform strategy, including the establishment of a national secretariat and prime minister’s reform steering committee”.
In association with the provincial governments of Punjab and Sindh, the Board of Investment (BoI) in October 2018 had launched the ‘100 Days – Sprint-III’ to ‘Doing Business Reforms Plan’ aimed at facilitating businesses and improving the investment climate.
The World Bank stated that Pakistan had made the process of starting a business easier by “expanding procedures available through the online one-stop shop”.