Competitiveness Mishal in Media

National Courier Reports: Pakistan ranks last amongst South Asian neighbors


Pakistan ranks last amongst South Asian neighbors

Date: 29.09.2016


ISLAMABAD: Pakistan’s ranking in terms of GCI 2016-17 has witnessed improvement by four notches as it stood at the 122nd position in 2016-17 against the 126th position previous year 2015-16 out of the total 138 countries, World Economic Forum (WEF) reports.
The Global Competitiveness Report 2016-2017 also identifies corruption as the most problematic factor for doing business in Pakistan, followed by crime and theft, tax rates, access to finance and government instability and coups.

Pakistan has now been ranked at 122nd position among 138 countries on Global Competitiveness Index 2016-17. India ranked at 39th position in terms of GCI, Bangladesh at 106th and Sri Lanka at 71th position. Pakistan is classified as a factor driven economy, which basically depends on improving its institutions, infrastructure, macroeconomic stability, health and primary education indicators.

Pakistan at 122, ranks last amongst its South Asian neighbors, where India leads at 39 followed by Sri Lanka 71, Bhutan 97, Nepal 98 and Bangladesh at 106.

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