World Bank lists Pakistan 6th amongst top 20 Global Reformers in their latest Doing Business Report 2020!
Pakistan Doing Business (DB) Ranking/Score 2020
- 10 business indicators are measured across 190 countries. In Pakistan two cities Karachi (65% weight) and Lahore (35% weight) are mapped.
- Our ranking improved by 28 positions to 108 from 136 in 190 countries.
- Pakistan’s ranking improved in six indicators as mentioned below.
|Indicator||Positions Jumped||DB20 Rank||DB19 Rank|
|Overall – out of 190||28||108||136|
|Starting a business (reform)||58||72||130|
|Dealing with Construction Permits||54||112||166|
|Getting Electricity (reform)||44||123||167|
|Trading Across Borders||31||111||142|
|Protecting Minority Investors||(5)||28||26|
|Resolving Insolvency (Negative Data Correction)||(5)||58||53|
DB20 recognized the following six major reforms in Pakistan:
- Company can now be registered in one day with SECP, FBR, Labour Dept, PESSI, SESSI and EOBI. Only SECP portal is used. End to End integration of 9 departments
- Getting construction permits now takes 2 months in Lahore and 3 months in Karachi as opposed to 8 months originally.
- Commercial property can now be registered in 3 months in Lahore and 4 months in Karachi instead of 8 months.
- Commercial electricity connection can now be obtained in 3 months in Lahore and 4 months in Karachi. Online portals launched. Tariff changes are announced in advance
- Online payment of Taxes has been introduced. The time for paying taxes is now measured as 3 hrs instead of 293 hours. Tax rates for small companies reduced from 25% to 24%
- WEBOC Customs software has reduced time to export from 75 hrs to 24 hrs and for Imports 120 hrs 55 hrs
- More focus on areas like Getting Credit and contract Enforcement
- Eliminating the redundant regulations and remove unnecessary permissions/ NOCs and inspections under a new initiative called “Better Business Regulatory Initiative” This is step toward a better business regulatory environment.
- Remove requirements for physical inspections as pre-conditions to registrations with corporate, regulatory or tax authorities (save in respect of high risk cases).
- Amalgamate registration portals and where separate portals are required, offer a single access method to all such portals (similar to the approach adopted in New Zealand and the UK).