EODB 2020-Need for Maintaining an Upward Trajectory
Published in: February 2020
In this report, we have attempted to shed some light on the status of Ease of Doing Business in Pakistan as studied by the World Bank (WB) in its yearly publication. The improvement in business reforms brought throughout FY19 was recognized by the World Bank (WB) in its Ease of Doing Business report 2020. After climbing 11 places in the 2019 version of the report, Pakistan jumped further 28 places to now be ranked at 108th in a list of 190 economies. Subsequently, the WB has also included Pakistan in its list of most improving economies of 2020. After carefully studying the WB’s model, we have worked out that by improving the overall business environment in the country, Pakistan can establish itself as a top performer in the rankings. In fact, given the present state of business reforms, aiming for a target range of between 84th – 22nd is fairly achievable; provided that relevant reforms are introduced and are made sure to be effective once in place.