Pakistan likely to grab position among top-10 global reformers.

Byline: Fawad Yousafzai

Islamabad -- Pakistan is likely to grab position among top-10 global reformers on the Ease of Doing Business Index of World Bank.

Although World Bank will formally release its Ease of Doing Business Report tomorrow (Thursday), determining the rankings of 190 countries, however on the basis of its performance Pakistan expects to jump to top ten reformers, said the official.

Out of 10 reforms on Ease of Doing Business by Pakistan World Bank has acknowledged six reforms, said the official. Pakistan has left behind all the South Asian countries including India, Bangladesh, Sri Lanka and Nepal in the acknowledgment of its reforms by the World Bank, the official said.

For India the bank has acknowledged four reforms while for Bangladesh and Nepal it has acknowledge three reforms each respectively. The official said that World Bank President David Malpass is scheduled to visit Pakistan on October 31 in connection with the celebration of Pakistan's inclusion among top-10 global reformers.

The official said that this year, Pakistan improved in six areas which includes starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders, Pakistan performance was worse on the Ease of Doing Business Index of World Bank and in 2017 it had grabbed 147 position on the global index. However in 2015, during PML(N) government a special cell on Ease of Doing Business (EOBD) was established in EOBI. Due to the effort of the EOBD cell Pakistan position was improved by 11 points to 136 last year, the official said. In the upcoming report we expect a bigger jump and better position on the Ease of Doing Business Index of World Bank, said the official. The PTI government has also contributed a lot...