Doing Business 2008

[Tee Emm]

From: http://blog.dawn.com/?p=1139

A recent World Bank report has declared Pakistan as one of the top favourable economies in the world. The "Doing Business 2008" report states that Pakistan is in second place compared to other South Asian countries in terms of certain economic indicators, such as: ease of doing business, dealing with licenses, and protecting investors.

Pakistan is quickly emerging as a powerhouse in the region, partly due to its fast paced IT industry. The government's policies towards foreign investors have also contributed in helping the country stand out. These include 100 per cent foreign equity ownership, 100 per cent repatriation of profits for foreign investors and tax exemption for the sector till 2013.

An increasing number of foreign companies also prefer Pakistan for their outsourcing operations. This is due to the large pool of English-proficient professionals, cheap connectivity rates and competitive operational costs.

'Doing Business 2008′ is an annual report that evaluates the regulations that directly impact economic growth and provides objective measures of business regulations and their enforcement. The report evaluates business activities based on regulation affecting the "10 stages" of a business's life: starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

[Babar]

This report is so good that it seems that a bunch of Pakistanis wrote
it :)

Seriously though, this is a great resource for Pakistanis and
foreigners alike.

The bloggers need to write about this and spread the word.
http://www.doingbusiness.org/ExploreEconomies/?economyid=147
http://www.doingbusiness.org/Documents/CountryProfiles/PAK.pdf

-Babar