Global competitiveness Pakistan loses ranking by 9 pts

ISLAMABAD: Pakistan has lost its global competitiveness ranking by 9 points compared to the previous years ranking as the country has been ranked at 101 out of 134 countries in the Global Competitiveness Report 2008-09 prepared and released by Geneva based World Economic Forum.

The country was ranked at 92 out of 131 countries in the Global Competitiveness Report in the last year 2007-08 and 82 out of 122 countries in the year 2006-07.

The most problematic factors for doing business and key factors hindering improvement in Pakistan’s global competitiveness have been identified as government instability and coups, corruption, inefficient government bureaucracy, inflation, inadequate supply of infrastructure, inadequately educated workforce, policy instability, access to financing, crime and theft, poor workforce ethics, tax regulations, foreign currency regulations, restrictive labour regulations and poor public health.

Daily Times, 24/10/2008



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