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Cost of Doing business

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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.

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