The World Bank has ranked Pakistan among the top 20 reformers in the world on the Ease of Doing Business.
With continuous efforts in this direction, the country has significantly improved the business environment in the country, which is why it has been named among the top performers in the world.
A recent report by the World Bank has mentioned a series of initiatives taken by the country towards facilitating the business community.
It recognizes that Pakistan has improved in six areas including online tax payment system, availability of electricity, easy registration of property and issuance of construction permits, and tariff changes.
Pakistan made starting a business easier by expanding procedures available through the online one-stop-shop. In addition to improvements in property registration, obtaining a construction permit became easier after the Sindh Building and Control Authority and the Lahore Development Authority streamlined approval workflows and improved the operational efficiency of their one-stop shops.
The World Bank lauded the efforts of the incumbent government in this regard and said:
It reflects the country’s development of an ambitious reform strategy including the establishment of the national secretariat and Prime Minister’s reform steering committee.
The report also acknowledged how the integration of various agencies into one electronic platform has improved trading across the borders.
As a result of these efforts, Pakistan’s overall ranking in the World Bank Group’s Doing Business Report 2019 has improved by 11 points from 147 to 136 out of 190 economies.