Pakistan ranked amongst Top Countries of South Asia

Pakistan has been ranked as one of the top favorable economies in the world, states “Doing Business 2008″, a recent report released by the World Bank in 2008.

According to the report, Pakistan ranks second compared to other South Asian countries based on certain economic indicators such as; ease of doing business, dealing with licenses, and protecting investors as identified by the analysts. The following countries include Sri Lanka, Bangladesh and Nepal. Pakistan has comparatively better business environment in terms of paying taxes and registration of assets, the report adds.

The report evaluates business activities based on regulations affecting the ten 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. It is pertinent to note that in the overall global rating of 178 countries, Pakistan is rated at 76th as compared to India rated at 120th.

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Again, Pakistan gets good grades from international business reporters. Sitting on the first row, Zeropoint.IT can agree that it is, indeed, all true. Entering Pakistan late 2006, Zeropoint.IT was among the first European SME's to recognise the potential of the country for the IT business. 18 months later, we haven't been proven wrong!