Express Tribune: Pakistan dropped 3 places to rank at 107 in the World Bank’s ‘Ease of Doing Business’ index for 2013, according to data released on Tuesday.
In the South Asian region, however, Pakistan ranked third, below Sri Lanka and the Maldives, and left Bangladesh and India trailing behind at 129 and 132 respectively.
While Bangladesh also fell five places, India maintained its position compared to 2012.
Within Pakistan, Faisalabad led the pack in Ease of Doing Business with the next five places also going to cities from Punjab. Karachi ranked in at number 9.
How are countries ranked?
According to the index’ website, “economies are ranked on their ease of doing business, from 1 – 185.”
A high ranking on the index means “the regulatory environment is more conducive to the starting and operation of a local firm.”