World Bank Lists Pakistan among 'Top-20 improvers in Doing Business 2020' – Research Snipers

World Bank Lists Pakistan among ‘Top-20 improvers in Doing Business 2020’

World Bank has listed Pakistan among ‘Top-20 improvers in Doing Business 2020’. Pakistan has improved in six areas that are initiating a business, dealing with construction permits, acquiring electricity, property registration, taxes payment, and trading across borders.

The Doing Business project of World Bank, “provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level”.

According to the 2020 listing, improvement of Pakistan in 6 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”.

Also read: Pakistan’s Ranking in Ease Of Doing Business Improves in 2019

The Board of Investment (BoI) in collaboration with the provincial governments of Punjab and Sindh launched the ‘100 Days – Sprint-III’ to ‘Doing Business Reforms Plan’ in October 2018. Its aim was to facilitate businesses and improve the investment climate.

According to the World Bank, Pakistan has made the business process easier via “expanding procedures available through the online one-stop-shop”.

Also, the property registration has improved along with the process of obtaining a construction permit. According to the listing, this is because the Sindh Building and Control Authority (SBCA) and the Lahore Development Authority (LDA) had “streamlined approval workflows and improved the operational efficiency of their one-stop shops”.

It stated, “The launching of online portals for new commercial connections made getting electricity easier, and tariff changes are announced in advance.”

Leave a Reply

Your email address will not be published. Required fields are marked *