EASE OF DOING BUSINESS IN PAKISTAN

Abstract

This paper discusses the ease of doing business in Pakistan and its rank assigned by the US base agency World Bank in doing business report 2019. Since 2002, World Bank has been continuously assigning rankings to the world economies. This year (2019) it has assigned rankings around 190 economies around the world, whereas, Pakistan has placed on 136th rank with eleven point jump, which shows that Pakistan has improved 30% whereas, 70% is still to remain.Pakistan is hopeful that the Doing Business report, which would be released in next year May 2020, in that Pakistan ranking position will come down below hundred (Board of Investment). Chairman, Board of Investment (Pakistan Radio Report, 2019) briefed Prime Minister that the BOI has taken various reforms, i.e. to improve risk management system, payments time has reduced from forty seven to twenty days andwork on provincial portals i.e. at Karachi, Sindh is in progress and in Lahore, Punjab has completed. Pakistan in ease of doing business rankings has improved, but still there are some bottlenecks, which government needs to resolve in order to make the country commercial hub in the future.