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A World Bank body has said that Pakistan need
to catch up with the industrialised nations
of the world,the country could reach this
milestone by 2050 if it maintained an annual
growth rate of 8.3 per cent.
However, this past four years has brought
about a big change. Since 2004 we are
witnessing a phenomenal success and very high
growth rate (averaging 50% growth rate
annually) for the IT industry in Pakistan.
Not only are the companies able to survive
longer but are thriving in the national and
international markets. And some of them have
truly become great success stories worldwide
Pakistan is rated 76th, as compared to India
at 120. With Pakistans fast-paced IT
industry, it is emerging as a powerhouse in
the South Asian region due to the governments
friendly policies.These include 100 per cent
foreign equity ownership, 100 per cent
repatriation of profits for foreign investors
and tax exemption for the sector till
2013.The availability of a large pool of
English-proficient skilled professionals,
affordable connectivity rates, competitive
infrastructure and operational costs are some
of the other benefits that Pakistan enjoys.
Due to the same, an increasing number of
foreign IT companies prefer Pakistan for
their outsourcing operations and setting up
development centres.Doing Business 2008 is
the fifth in a series of annual reports that
evaluates the regulations which directly
impact economic growth, provides objective
measures of business regulations and their
enforcement. The data is collected across 178
countries and selected cities at the
sub-national and regional leve
Pakistan has been ranked as one of the top
favourable economies in the world, states
Doing Business 2008, a recent report released
by the World Bank.According to the report,
Pakistan ranks second compared to other South
Asian countries, based on certain economic
indicators such as ease of doing business,
dealing with licences and protecting
investors as identified by the
analysts.Pakistan has a comparatively better
business environment in terms of paying taxes
and registration of assets, the report
adds.The report evaluates business activities
based on regulations affecting the 10 stages
of a business life, which are starting a
business, dealing with licences, employing
workers, registering property, getting
credit, protecting investors, paying taxes,
trading across borders, enforcing contracts
and closing a business.It is pertinent to
note that in the overall global rating of 178
countries.PAKISTAN ZINDABAD LOVE PAKISTAN
Tags : PAKISTAN SINDH PUNJAB SARHAD Pakhtunkhwa NWFP NORTHWEST BALOCHISTAN ECONOMY SECULAR LONDON ENGLAND MIRPURIES KASHMIRIES POLITICS WAR MEDIA commentary analysis construction pakistan lahore karachi islamabad isb centaurus tower |
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Affichage : 48
Durée : 204 s |
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