Pakistan is ranked 74 in terms of Ease of Doing Business by World Bank. Previously, Pakistan was in 66th position. I am quoting from the report published in Daily Times:
Pakistan is ranked down in the Ease of Doing Business at the World Bank ranking, as it dropped by eight points in 2006 (ranked at number 74) compared with 2005 (when it was ranked at number 66). However, it is still far better than India, which is ranked at 134 in the world ranking for 2006 against 138 in 2005.
Pakistan, with robust growth in near past and a population of 155,772,000, is categorized as a low-income country in terms of Income category with a population size of 155,772,000 and GNI per capita of $690.00.
The term Ease of Doing Business include starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
In terms of employing workers, registering property, getting credit, protecting investors, and closing a business, Pakistan was ranked higher compared to last year. In dealing with licenses, paying taxes, and trading across borders, Pakistan ranked lower. However, in comparison to India, Pakistan is in better position. India has been ranked 134 in terms of Ease of doing Business.
Pakistan and India are two of the rapidly growing countries of South Asia. Both of these countries have their advantages and disadvantages. Looking at their bright prospect many multinational companies are opening their branches in India and Pakistan. This is definitely a good sign for foreign investors. Now they would get a better idea in which country they would invest.
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