As a result, Pakistan climbed 28 places and rose to a rank of 108 in the global ease of Doing Business rankings from 136. On October 24, 2019, PM Imran Khan claimed in a tweet that Pakistan has achieved the biggest improvement in its history in the World Bank's Ease of Doing Business rankings. But then in early 2018, World Bank chief economist Paul Romer had already conceded to The Wall Street Journal that he had lost faith in the integrity of the Doing Business (DB) index. ‘Doing Business’ often creates the wrong incentives, such as by rewarding the countries that have low taxes. A country like Pakistan, whose taxes amount to almost 9-10% of GDP, needs more tax income — not less — to develop.

Source: The Express Tribune November 07, 2020 06:56 UTC