MirBadshah
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World Bank Group Releases "Doing Business" Report In South Asia 2007
(RTTNews) - A new regional report released Tuesday by the World Bank and its private sector arm, IFC, titled "Doing Business in South Asia 2007" reveals that conducting business has became easier in India and Pakistan in 2005-2006.
The report covers eight countries in the World Bank's South Asia region and studies 12 major cities in India, six in Pakistan, and four in Bangladesh.
Within India, Hyderabad emerged as the most business-friendly while the financial capital Mumbai lagged behind in 11th place, ahead of militant labor unions capital Calcutta. Karachi is at the top in Pakistan, while Dhaka ranks best in Bangladesh.
The report found five reforms in India and two in Pakistan reduced the time, cost, and hassle for businesses to comply with legal and administrative requirements.
No other South Asian economies improved business regulations in 2005-2006, ranking the region last in the pace of global reforms.
The report compares business regulations in the region with 175 economies around the world. The top-ranked countries are the Maldives (53) and Pakistan (74), followed by Bangladesh (88), Sri Lanka (89), Nepal (100), India (134), Bhutan (138), and Afghanistan (162).
The third report in a series of South Asia regional reports, "Doing Business in South Asia 2007" is based on the methodology of the annual global Doing Business report.
Doing Business tracks indicators related to business start-up, operation, trade, payment of taxes, and closure by measuring the time and cost associated with various government requirements.
http://www.nasdaq.com/aspxcontent/NewsStor...ernational.nasd
(RTTNews) - A new regional report released Tuesday by the World Bank and its private sector arm, IFC, titled "Doing Business in South Asia 2007" reveals that conducting business has became easier in India and Pakistan in 2005-2006.
The report covers eight countries in the World Bank's South Asia region and studies 12 major cities in India, six in Pakistan, and four in Bangladesh.
Within India, Hyderabad emerged as the most business-friendly while the financial capital Mumbai lagged behind in 11th place, ahead of militant labor unions capital Calcutta. Karachi is at the top in Pakistan, while Dhaka ranks best in Bangladesh.
The report found five reforms in India and two in Pakistan reduced the time, cost, and hassle for businesses to comply with legal and administrative requirements.
No other South Asian economies improved business regulations in 2005-2006, ranking the region last in the pace of global reforms.
The report compares business regulations in the region with 175 economies around the world. The top-ranked countries are the Maldives (53) and Pakistan (74), followed by Bangladesh (88), Sri Lanka (89), Nepal (100), India (134), Bhutan (138), and Afghanistan (162).
The third report in a series of South Asia regional reports, "Doing Business in South Asia 2007" is based on the methodology of the annual global Doing Business report.
Doing Business tracks indicators related to business start-up, operation, trade, payment of taxes, and closure by measuring the time and cost associated with various government requirements.
http://www.nasdaq.com/aspxcontent/NewsStor...ernational.nasd
