ISLAMABAD – The World Bank’s newly introduced Business Ready (B-READY) report places Pakistan in the fourth quintile, indicating that the country faces significant challenges in its business environment, marked by weak regulatory frameworks and limited public services. These issues hinder the operational efficiency of businesses and overall investment climate.
B-READY, which replaces the former Doing Business report, is a data-driven assessment of the global business environment. The 2024 edition covers 50 economies and places Pakistan in the third quintile in terms of operational efficiency, with a score of 65.90. This group includes economies that demonstrate both strengths and weaknesses in their business environments.
Pakistan scored high in business entry with 91.50 but struggled in areas like dispute resolution (41.99) and international trade (45.71), signaling a need for regulatory improvements. The report also noted that Pakistan, along with other emerging economies, shows potential for improvement as the B-READY project continues its rollout.
Story by Tahir Amin
