News: Pakistan continues to show stability on Financial Development Index of World Economic Forum: Report
Publication: Associated Press of Pakistan
Date; Oct 31, 2012
Web Address:- http://app.com.pk/en_/index.php?option=com_content&task=view&id=213213&Itemid=49
ISLAMABAD, Oct 31 (APP): Pakistan continues to show stability on the Financial Development Index of the World Economic Forum (WEF) on the indicators; cost of closing a business, where the rank of 5 was maintained, also showing stability in frequency of banking crises and output loss during banking crises, Financial Development Report 2012, of the Forum unveiled on Wednesday. According to WEF report 2012, Pakistan again secured the top rank of 1 among 62 economies; similarly on the public ownership of banks, which is a percentage of assets held by the 10 largest banks that is located in banks that are more than 25 percent government owned, Pakistan again secured the top rank of 1.