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Pakistan ranked 124th amid 144 economies

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@ OP> kindly avoid threads of such type

this thread will only invite trolling
 
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Israel is progressing very fast. Rank at 26Th place.Luxembourg wonderful tourist place is at 22. Also Indonesia is improved and at 50th place. Where is Ukraine, Russia, ?

Actually Israel has dropped three places, same with China and India, dropped three places as compared to last year.
 
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We dont have any economy at the moment so not surprising . anyway We are struggling that should be continued
 
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India (59th) and Russia (67th)
Both the countries need to climb may steps to reach near top !!!
 
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Pakistan ranked 124th amid 144 economies


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ISLAMABAD: Pakistan has been ranked among bottom 20 of the 144 economies around the world in The Global Competitiveness Report 2012-2013, released Wednesday by the World Economic Forum.



According to the Global Competitiveness Report (GCR) 2012-13, Pakistan lacks a long-term view of competitiveness. The level of corruption and poor governance are some of the factors slowing down Pakistan’s economic growth, therefore ranking Pakistan at 124 among 144 other countries on the index. The World Economic Forum ranks countries on more than 100 economic indicators comparing 144 countries.


“Persisting divides in competitiveness across regions and within regions, particularly in Europe, are at the origin of the turbulence we are experiencing today, and this is jeopardizing our future prosperity.” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. “We urge governments to act decisively by adopting long-term measures to enhance competitiveness and return the world to a sustainable growth path.”


The Pakistani business community has identified Corruption as the most problematic factor for doing business in the country. The report indicates that Pakistan has failed to come up with effective regulations on intellectual property protection, where the country lost its position of 93 to 108 from 2011 to 2012 respectively. Poor governance in terms of favoritism in decision-making (129) and wastefulness of government spending (96) have also shown significant decline in rankings.


The Efficiency of Legal Framework in Challenging Regulations has also impacted the competitiveness of Pakistan’s economy as it has declined from 79 in 2011 to 97 in 2012.

The law and order situation has been a serious threat to the economic activities, with war on terror and other target killing issues impacting throughout the year, the Reliability of Police Service has gone to 127 in the current year as compared to 116 in the last year.


On the Macroeconomic Pillar the government’s performance has been weak with the budget balance ranking (% of GDP) deteriorating from 108 to 125 from 2011 to 2012 respectively. The general government debt has also seen poor performance as it has lost 11 points from last year, by being ranked at 107 in the current year.


Although Pakistan ranked 41 in 2011 on the Tax Collection Efficiency index, however the economy has lost its competitive advantage due to decline in 2012 by ranking to 59, limitations on the ease of access to loans and venture capital availability, where Pakistan stands at 65 and 55 respectively.


Nonetheless, Pakistan has also shown some positive indicators on improving its competitiveness, where the burden of government regulation has improved from 76 in 2011 to 62 this year, similarly the transparency of government policy making has also been improved from ranking of 119 to 109. The country credit rating index has also improved from 123 this year to 116 compared to last year.

Pakistan ranked 124th amid 144 economies - thenews.com.pk

yayyyyy we are not 144, time to open rooh afza
 
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UAE is that low? There must be some bias

UAE has come a long way. in old days (from early seventies of last century and backwards) people of the UAE used to go to Karachi and Bombay for trading commerce, meeting international buyers, tourism etc, now things have turned around big time.

Yet again, will Pakistani politicians grow any brain cell let alone a complete brain to learn anything?
 
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Obviously those in a position to talk. :cool:
Since we are talking about figures and countries , why not talk about your self. :laugh:

Indian poverty levels higher than Pakistan's, says UN report - Telegraph

We could, but then this thread is neither about poverty nor about India.. plus India poverty discussions are against forum rules and since unlike you I do not have a free "get out of jail" card for blatantly violating forum rules, I would tend to avoid that discussion ;)

but you are superpower u should be at no 1. hahahahahahah

And you just justified the 2nd half of your nick :D
 
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http://www.brecorder.com/br-researc...bal-competitiveness:-pakistan-slides-further/

Pakistan seems to be closer to Sub-Saharan Africa than South Asia when one looks at the World Banks recently released Global Competiveness Report 2012-13. You wouldn't expect to see Pakistan amongst the top ranked nations in any such global list, (Corruption Perception Index is an exception), and so a rank of 124 out of 144 countries should not surprise many.

The 124th rank is six (four places effectively as the sample size increased by two) places further south from the previous years ranking there has been a steep decline in rankings and ratings since 2008. The GCI ranks Pakistan in the first stage of factor driven development which carries higher wieghtage of basic requirements, an area that Pakistan continues to be consistently poor at.

Unsurprisingly, however, the countrys macroeconomic environment turns out as most worrisome amongst the basic requirements indicators as it is ranked better than only five other countries including Greece, Yemen and Sierra Leone. More than the drop in rank, it is the massive drop in the ratings in terms of macroeconomic environment from 3.6 last year to 3.1 that should serve as an eye-opener for those at the helm of affairs.

The countrys economic managers may have decided not to include the cost of terror to the economy anymore in the Economic Survey, but the World Bank continues to do so, as there is only one country which carries higher cost of terrorism to business activities. This, along with other dampening indicators, partly explains the dearth of FDI flows to Pakistan.

The survey respondents seem to have strong faith in the judicial independence, as the judicial systems ranking and ratings continue to improve. But as far as this survey goes, institution building in the country stops here as other government institutions, police and politicians continue to receive negative ratings.

In sharp contrast to contemporary opinions, crime and terrorism sit way down on the list of most problematic factors in doing business. It is the governments own inefficiencies such as corruption, inefficient bureaucracy, policy instability and inflation that were termed amongst the factors creating most hurdles to business.

Quite bizarrely, the report indicates Pakistans population down by 7 million from the previous years figure of 184.8 million, which seems quite unfathomable. However, Pakistans rank of 30 in the market size is as good as it gets amongst all indicators. The market size itself presents the country with an immense opportunity.
 
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Take is positively, Pakistan is at top 20 from behind.

We are in a war, you arent. Even without a war, 70% of Indians live below $1.50 a day... A DAY! Which company wants to invest in a poor third world nation like India, where 70% of its population think of it a achievement to buy food, hell sofas or couches
 
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We are in a war, you arent. Even without a war, 70% of Indians live below $1.50 a day... A DAY!
Lol its 37% in India my delusional friend.
It's official: 37 pc live below poverty line - India News - IBNLive

But Pakitsn's 75% population is below poverty line ....
75% population lives below poverty line - http://www.dailytimes.com.pk

BTW, Happy Realization !

Which company wants to invest in a poor third world nation like India, where 70% of its population think of it a achievement to buy food, hell sofas or couches
So many.... Please read ahead with caution, because its your all weather friend China :lol:
Chinese companies want to invest in India

Opps ! Your Muslim brotherly countries tooo???????? This might be hurting you like hell....:P
Rich Arab nations keen to invest in India
 
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