• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Cost of Doing business

Extracts from this document...

Introduction

FARRUKH HUSSAIN KHAN 2006-01-31-6480 MEX Presentation date 26 October 2008 The Cost of Doing Business in Pakistan (SUMMARY) ((c)2008 The World Bank Group, All Rights Reserved) The doing business project of The World Bank provides objective measures of business regulations and their enforcement across 181 economies and selected cities at the subnational and regional level. In comparing 181 economies certain assumptions are made like proximity to large market, infrastructure, security and law and order situation, strength of institutions are not considered. Reference business is a local limited company operating in the largest business city. This is summary of "Doing Business 2009 for Pakistan" published by The World Bank. The first table lists the overall "Ease of Doing Business" rank (out of 181 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages averages. Pakistan is ranked 2nd in south Asia Ease of doing business. Region: South Asia, Income category: Low income Population: 162,389,013, GNI per capita (US$): 870.00 Stage in the life of Business Doing Business 2009 rank Doing Business 2008 rank Change in rank Doing Business (overall Rank) ...read more.

Middle

90 66.0 25.8 Registering Property Doing Business 2009 rank: 97 Doing Business 2008 rank: 90 Change in rank: -7 The ease with which businesses can secure rights to property is shown below. Included are the number of steps, time, and cost involved in registering property. Indicator Pakistan Region OECD Procedures (number) 6 6.4 4.7 Duration (days) 50 106.0 30.3 Cost (% of property value) 5.3 5.9 4.5 Getting Credit Doing Business 2009 rank: 59 Doing Business 2008 rank: 51 Change in rank: -8 Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to credit. The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from 0-6, with higher values indicating that more credit information is available from a public registry or private bureau. Indicator Pakistan Region OECD Legal Rights Index 6 4.8 6.8 Credit Information Index 4 2.1 4.8 Public registry coverage (% adults) 4.9 0.7 8.4 Private bureau coverage (% adults) ...read more.

Conclusion

Indicator Pakistan Region OECD Documents for export (number) 9 8.5 4.5 Time for export (days) 24 33.0 10.7 Cost to export (US$ per container) 611 1,339.1 1,069.1 Documents for import (number) 8 9.0 5.1 Time for import (days) 18 32.5 11.4 Cost to import (US$ per container) 680 1,487.3 1,132.7 Enforcing Contracts Doing Business 2009 rank: 154 Doing Business 2008 rank: 155 Change in rank: +1 The ease or difficulty of enforcing commercial contracts is measured below. This is determined by following the evolution of a payment dispute and tracking the time, cost, and number of procedures involved from the moment a plaintiff files the lawsuit until actual payment. Indicator Pakistan Region OECD Procedures (number) 47 43.5 30.8 Duration (days) 976 1,052.9 462.7 Cost (% of claim) 23.8 27.2 18.9 Closing a Business Doing Business 2009 rank: 53 Doing Business 2008 rank: 54 Change in rank: +1 The time and cost required to resolve bankruptcies is shown below. The data identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process. The recovery rate, expressed in terms of how many cents on the dollar claimants recover from the insolvent firm, is also shown. Indicator Pakistan Region OECD Time (years) 2.8 5.0 1.7 Cost (% of estate) 4 6.5 8.4 Recovery rate (cents on the dollar) 39.2 19.9 68.6 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. This paper will concentrate on Apples Apple TV business, and its complementing iTunes business.

    It gave power to people through technology, and remained committed to computers in education. * Its products and advertising are clearly recognizable. * Its products are designed around people. Their design is people driven. Marketer Marc Gobe, author of Emotional Branding notes that Apple has always projected a human touch

  2. New business plan

    build brand awareness and consumer loyalty before the competition enters to the market. * Core product and augmentations - the product offering is not limited and thus does not alienate certain market segments. It will be offered in a tranquil and relaxing environment with first class service.

  1. starting a small business

    business becomes more successful then my finance would rise up and I will have to increase the staffs pay as well as the Insurance of the company. On the next page are two examples of banks which are Halifax & Lloyds TSB it shows how much I am going to

  2. Managing Change

    Therefore, I would recommend an entire restructuring of the Sales Department. As shown in Figure 2. I recommend a division of the Sales Department and the Marketing Department. In addition, the Sales Director should be replaced by a National Sales Director (NSD).

  1. Business Project

    However one of the disadvantages of such a method of data collection is that since public disruption are likely to take place it may only allow us to ask short answered questions. Therefore through Telephone interviews we will able to gain insights into the costs towards such an invest and will be a critical factor in the decision making.

  2. Marketing Plan. Launching a Karaoke Bar in Bangladesh

    bar to the local community in an effort to spark interest within the area. Packets could include coupons and discounts and other various incentive-laden pieces. 1. SOCIAL MEDIA: Social media marketing is a proven way to market karaoke and it doesn't cost a dime.

  1. The Business Environment of Coca Cola

    Water stewardship 1.3 ? STAKEHOLDERS Stakeholder is a person, group, organization, or system who directly or indirectly affects or can be affected by an organization?s actions. There are 2 types of stakeholders: internal and external. Internal: * Owners * Shareholders * Managers * Employees External: * Suppliers * Community *

  2. Questions on Globalisation and International Trade

    Korea, Taiwan, Singapore, and Hong Kong ? all of which have grown faster than Western economies. However, while it is possible to argue that democracy is not a necessary precondition for the establishment of a free market economy, it seems evident that subsequent economic growth leads to establishment of democratic regimes.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work