Obsolete rules pull down Pakistan on World Bank’s rankings - News Summed Up

Obsolete rules pull down Pakistan on World Bank’s rankings


World Bank puts $250m policy loan for Pakistan on holdTo the contrary, Pakistan slipped three spots from the 144th place in 2016 despite implementing four reforms. He was critical of the business regulations in Pakistan that were half a century old and had not been changed significantly with the passage of time. “Time has changed now; previously, there was a concept of controlled economy, but now the entire world is talking about how to facilitate the investors,” he said. “The world considers such rankings very seriously; without making things better for domestic investors, it is not logical to invite international investors,” he remarked. Muddled World Bank report: Pakistan ‘needs’ $31b this year to stay afloatAccording to Sahoo, Punjab has been able to bring improvement in four indicators which include property registration, contract enforcement, construction permits and starting a business.


Source: The Express Tribune January 14, 2018 05:15 UTC



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