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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.
Five positions from the first six went to cities in Punjab, though the report points out that all provinces have high performers in key areas.
The report is the first sub-national report of the Doing Business series on Pakistan, covering 13 cities in its survey of six quantitative indicators on business regulations.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.The report will encourage healthy competition among the cities and the provinces and I am surprised that Islamabad is not the number one city in ease of doing business, said Hina Rabbani Khar, Minister of State for Finance.Balochistan’s chief economist, Sarwar Javed, differed with the report’s findings on the benchmark of the property registration in which Quetta is ranked 13th.