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Islamabad and Peshawar are first and second respectively on starting a business. Karachi ranks ninth overall in terms of its position in ease of doing business. Jana Malinska, an investment policy officer at the World Bank, pointed out the fact that no single city completely dominated the categories on which they were being judged.The report suggests that if every city were to adopt the best practices of the leader in each category, Pakistan’s rank in the global Doing Business in 2010 report would go up 16 places, from the current number 85 to number 69.The process of enforcing a contract costs about 30 per cent value of the disputed claim between the parties, states the report.Starting business: The World Bank said that continued reforms have helped reduce the start-up time but the number of procedures remains high.The report highlights the fact that the average time taken to resolve a commercial contract dispute is three and half years and requires 47 steps.The existing dispute resolution mechanism is based on a single federal law, the Civil Procedure Code of 1908, dating back to the colonial era.In this category, Islamabad grabbed the first position among the surveyed 13 cities, followed by Faisalabad. Dealing with construction permits: According to the report, obtaining all building approvals and utility connections in the 13 benchmarked cities requires an average of 13 procedures and 165 days, costing 527.6 per cent of income per capita.Multan got the first place in the rank of dealing with construction permits, followed by Gujranwala. Registering property: Registering property is the fastest in Lahore where it takes 30 days and the slowest in Quetta, consuming 52 days. Paying taxes: In this category, Islamabad topped among all, followed by Quetta, with the worst performers being Hyderabad and Sukkur.
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The report focuses on regulations relevant to the life cycle of a small to medium-size domestic businesses.
Its objective is to create a uniform global comparison that then encourages governments to create efficient regulations, accessible to all and simple to enforce.
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