The document discusses Pakistan's performance in the World Bank's Ease of Doing Business index. It notes that Pakistan has improved its ranking by 28 places since 2004. The country introduced several reforms such as speeding up company registration and reducing the days required to acquire electricity connections. However, the index only measures certain regulatory aspects and Pakistan needs to further improve factors like increasing exports, reducing unemployment, and political stability to truly make business easier. The document recommends additional reforms like automating permit processes and integrating online systems to help Pakistan reach its goal of a top 90 ranking.

1. Ease of Doing
Business- Has
Pakistan done
enough
Sehrish Jawaid Hussain Mirza
Roll No: 29

2. SEQUENCE OF PRESENTATION
• Currency of the Topic
• Introduction to Ease of Doing Business
• Performance of Pakistan in Ease of Doing Business
Index
• Reforms introduced by Pakistan
• Has Pakistan Done Enough… Yes
• Has Pakistan Done Enough...No
• Comparison with Bangladesh
• Cosmetic and Absolute perspective of EDB Index
• Conclusion
• Recommendation
2

3. CURRENCY
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4. EASE OF DOING BUSINESS
• Initiated by World Bank in 2006
• Measure of position of economy
• 199 countries are ranked, Pakistan stands at
108th
• Centralized on the regulatory practices
• Highlights the experiences (Time, cost and
hurdles) of Small and Mid Sized Companies
• Aims to help countries in improving the
business environment
4

5. PARAMETERS OF EDB INDEX
• Ease of doing a business
• Construction Permits
• Acquiring electricity
• Property registration
• Business Credit
• Protecting Minorities
• Taxation System
• Trading across borders
• Enforcing Contracts
• Resolving Insolvency
5

6. EDB AND PAKISTAN RANKING
• Pakistan has done a historic jump of 28 places since
2004.
• Is now standing on the 6th position in the top ten reformer
nations of the world.
• Has ranked 4th country to have such high jumps in the
Index
• Data was obtained from 13 different cities of Pakistan
• “The accelerated reform agenda has many noteworthy
features to improve quality of regulations, reduce time
and streamline processes. This momentum needs to be
sustained in the coming years for Pakistan to continue to
make progress.”[1]
[1]llango Patchamuthu, World Bank Country Director for
Pakistan
6

7. Iwww.investpedia.gov.pk 7

8. www.invest.gov.pk 8

9. www.invest.gov.pk 9

10. DB20 Recognized The Following SIX
Major Reforms In Pakistan:
• Speedy registration of Company
• Reduction of procedures in getting
construction permits
• Quick registration of Property
• Reduction in days for acquiring electricity
connections
• Online Tax Payment system and reduction of
tax rates
• Introducing WEBOC Customs software.
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11. EDB Index – Cosmetic Indicator
• Doing Business does not measure all aspects of the
business environment that matter to firm or investors.
• Doing Business does not consider the strengths and
weaknesses of neither the global financial system,
nor the financial system of every country
• Other types of regulation such as financial market,
environment, or intellectual property regulations
that are relevant for the private sector are not
considered.
• The Doing Business report is not intended as a
complete assessment of competitiveness and
should rather be considered as a proxy of the
regulatory framework.
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12. Pakistan has Done Enough--Yes
• FBR has eliminated the requirement of
physical inspection at the business location
and the biometric appointment for
obtaining STRN.
• Integration of SBCA with Land Owning
Agencies through automated software for
obtaining proof of ownership
• Only two inspections are carried out by
SBCA which will also save time on the part of
investors
Source: Report created by BoI in Sept, 2020, “Reforms completed in 2020”. 12

13. Pakistan has Done Enough--Yes
• LDA has specified the time limit (45 days)
for issuance of construction permit.
• Number of days reduced from 73 to 49 in
Lahore and from 134 to 73 days in
Karachi.
• Operationalization of e-Registry for
Movable objects.
• Online payment of all dues i.e.,
administrative fees, inspection and
scanning fees etc.
Source: Report created by BoI in Sept, 2020, “Reforms completed in 2020”.
13

14. Has Pakistan Done Enough
https://mobile.twitter.com/imrankhanpti/status/1187261088309678081?lang=en 14

15. Economic Growth-Absolute
Indicators
• They are as follows:
oAnnual Growth of Economy
oDebt per Capita
oForeign Reserves
oEmployment Rate
oGDP to Tax Ratio
oForeign Direct Investment
15Source: https://fairmontequities.com/7-indicators-showing-economic-growth/

16. -4
-2
0
2
4
6
8
10
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Comparison between Pakistan and
Bangladesh
Bangladesh
Pakistan
Source: https://scroll.in/article/912689/why-bangladeshs-economy-is-growing-much-faster-
than-pakistans-and-what-india-has-to-do-with-that
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17. Actions taken by Bangladesh
• Bangladesh sees its future in human
development and economic growth.
• Goal posts are set at:
o increasing exports,
o reducing unemployment,
o improving health,
o reducing dependence upon loans and aid,
o and further extending micro credit.
• Stable Ideologies between different
political parties
Source: https://www.worldbank.org/en/news/press-release/2018/10/02/economic-reforms-
can-make-bangladesh-grow-faster
17

18. CONCLUSION
To conclude, Pakistan has the aim towards becoming
one of the top 90 countries in upcoming EDB 2021
and has done enough to secure its position in the
index by effectively ensuring the reforms up till now
and is still enforcing them. However, there is
difference in between the concepts of inclining itself
into the Ease of Doing Business Countries and Being
the country where its easy to do Business. For the
former one, Pakistan has done enough but for the
later Pakistan has to work hard to achieve the target
that Foreign Countries feel safe to invest in Pakistan. 18

19. Recommendations for Improving EDB Ranking
o Accounts opening by SECP through e-Services in
collaboration with banks.
o One portal for all business registrations.
o End to End Automation for all types of Construction
Permits.
o National one window for trading across borders
o Online mechanisms for land registration.
o Fully automated regime for paying
taxes/contributions/fees
o Introduction of case management system in the courts.
o Simplification of procedures for resolving
insolvency/liquidation and protecting minority investors.
o Rolling out on line application system for getting
electricity.
o Data with regards to contracting with Governments”
verified from concerned entities and existing gaps will
be taken up with DB Team as data challenge.
o Replication of EoDB reforms all over Pakistan.
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20. Recommendations for making
Pakistan where doing business is easy
• Introduce market-based reforms in the energy sector.
• Population regulation
• Stable political ideologies
• Encourage Remittance inflows
• Improve security concerns
• Invest in environmental and social assets.
• Encourage local and international tourism.
• Encourage the development of a digital infrastructure in
order to bridge the digital divide and democratize
learning and market access.
• Diversify and expand the export base through new
products, new services, and new markets.
Soiurce: https://profit.pakistantoday.com.pk/2020/06/14/10-focus-areas-for-pakistans-
economic-prosperity/
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