Pakistan’s ranking improved from 136 to 108 in WB’s annual flagship report

ISLAMABAD (92 News) – Pakistan’s ranking improved its ranking from 136 to 108, according to the World Bank’s annual flagship report “Ease of Doing Business 2020” released on Thursday. According to the reports, in a key progress that will greatly improve Islamabad’s image abroad, Pakistan has jumped up 28 places on the World Bank’s Ease of Doing Business Index and clinched 108th position besides securing a place among top ten global business climate improvers. Pakistan carried out six reforms in the last one year that helped improving its ranking from 136 to 108. The economies with the most notable improvement in Doing Business 2020 are Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India, and Nigeria, according to the report closely watched by the global investors. Among South Asian nations although India still remained at top by improving 14 positions and clinched to 63rd, Pakistan also fared well by securing a place among top ten global business climate reformers and improving 28 positions in a year. Last year, Pakistan was ranked 136th among the 190 nations surveyed. It is noteworthy that the Ease of Doing Business index is mostly used as a guide by foreign investors to learn more about a country, aiding decisions on pouring money into the economy. The report is based on surveys carried out in Lahore and Karachi. The results are based on the work done from November 2018 to June 2019. Pakistan, another top improver, developed an ambitious reform strategy, setting up a national secretariat as well as a prime minister’s reform steering committee to ensure progress, the report acknowledged.