Pakistan among top 20 reformers in doing business

The WB has published a list of top 20 reformers in Doing Business 2020 and included Pakistan in it, praising that the country has improved in six areas measured by doing business. Pakistan has made improvements in starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders. The launching of online portals for new commercial connections has made getting electricity easier and tariff changes are announced in advance. Moreover, tax compliance has become easier through online payment modules for value-added tax and corporate income tax and a lower corporate income tax rate. Rankings will be released on 24th Oct’19. WB lauded the collective action of federal, Sindh and Punjab govt.s for an impressive feat.