Pakistan ranked 124th amid 144 economies

Discussion in 'Pakistan' started by Blackwater, Sep 9, 2012.

  1. Blackwater

    Blackwater Veteran Member Veteran Member

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    ISLAMABAD: Pakistan has been ranked among bottom 20 of the 144 economies around the world in The Global Competitiveness Report 2012-2013, released Wednesday by the World Economic Forum.

    According to the Global Competitiveness Report (GCR) 2012-13, Pakistan lacks a long-term view of competitiveness. The level of corruption and poor governance are some of the factors slowing down Pakistan’s economic growth, therefore ranking Pakistan at 124 among 144 other countries on the index. The World Economic Forum ranks countries on more than 100 economic indicators comparing 144 countries.

    “Persisting divides in competitiveness across regions and within regions, particularly in Europe, are at the origin of the turbulence we are experiencing today, and this is jeopardizing our future prosperity.” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. “We urge governments to act decisively by adopting long-term measures to enhance competitiveness and return the world to a sustainable growth path.”

    Pakistan’s secured ranking on 12 pillars: institutions (115), infrastructure (116), macroeconomic environment (139), Health and Primary Education (117) Higher Education and Training (124), Goods Market Efficiency (97), Labor Market Efficiency (130) Financial Market Development (73), Technological Readiness (118), Market Size (30), Business Sophistication (78) and Innovation (77).

    ‘Pakistan has lost its competitive advantage almost on all the pillars of the competitiveness index except for in Health, Primary Education and Labor market Efficiency’ says Amir Jahangir Chief Executive Officer Mishal Pakistan, country partner for the Center of Global Competitiveness and Performance at the World Economic Forum. Further adding, although Pakistan showed good performance on the innovation and sophistication pillars, but on the factors for basic requirements and efficiency enhancer pillars Pakistan continues to show poor performance.

    The Pakistani business community has identified Corruption as the most problematic factor for doing business in the country. The report indicates that Pakistan has failed to come up with effective regulations on intellectual property protection, where the country lost its position of 93 to 108 from 2011 to 2012 respectively. Poor governance in terms of favoritism in decision-making (129) and wastefulness of government spending (96) have also shown significant decline in rankings.

    The Efficiency of Legal Framework in Challenging Regulations has also impacted the competitiveness of Pakistan’s economy as it has declined from 79 in 2011 to 97 in 2012.

    The law and order situation has been a serious threat to the economic activities, with war on terror and other target killing issues impacting throughout the year, the Reliability of Police Service has gone to 127 in the current year as compared to 116 in the last year.

    On the Macroeconomic Pillar the government’s performance has been weak with the budget balance ranking (% of GDP) deteriorating from 108 to 125 from 2011 to 2012 respectively. The general government debt has also seen poor performance as it has lost 11 points from last year, by being ranked at 107 in the current year.

    Although Pakistan ranked 41 in 2011 on the Tax Collection Efficiency index, however the economy has lost its competitive advantage due to decline in 2012 by ranking to 59, limitations on the ease of access to loans and venture capital availability, where Pakistan stands at 65 and 55 respectively.

    :lol::lol::lol::lol::lol::lol::lol::lol:

    Pakistan ranked 124th amid 144 economies - geo.tv
     
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  3. Defcon 1

    Defcon 1 Senior Member Senior Member

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    Atleast remove the smileys. This is not how civilized people should behave.
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    this is how civilized people behaved for pakistan:rofl::rofl::rofl::rofl:
     
  5. Defcon 1

    Defcon 1 Senior Member Senior Member

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    Really, and you are an expert on that aren't you. That is why everyday you just sit on your computer scouring the net for anti pakistan news and getting a sense a of happiness whenever something wrong happens with that country. Bad news for other country is a source of amusement for you.
     
  6. Defcon 1

    Defcon 1 Senior Member Senior Member

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    double post
     
  7. Blackwater

    Blackwater Veteran Member Veteran Member

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    if you something constructive to say on the topic welcome otherwise EDIT

    MOD : No personal abuses. There is always the mental 'Ignore' button. Use it if you don't like something and cannot control the language in your replies.
     
    Last edited by a moderator: Sep 10, 2012
  8. Defcon 1

    Defcon 1 Senior Member Senior Member

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    So putting rofl smileys is constructive according to you, and asking to remove them is destructive. I see.
     
  9. Blackwater

    Blackwater Veteran Member Veteran Member

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    cant u see big article along with smiley, you new AJTR
     
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  10. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    ignore smilies ! Consider the meat.
     
  11. Defcon 1

    Defcon 1 Senior Member Senior Member

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    I believe writing with no sense of punctuation is against forum rules. Also, I did not understand what are you trying to say. Can you please repeat it?

    And by the way, I am also reporting your post for calling me names. I am not a 12 year old girl.
     
  12. Blackwater

    Blackwater Veteran Member Veteran Member

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    i never said u r 12 yrs old u fool. and article came on geo news.See links, i just posted it.

    if u don't understand English, that's not my fault
     
  13. Defcon 1

    Defcon 1 Senior Member Senior Member

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    Oh I understand English. What I don't understand is pidgin english. Kind of the language spoken by pigs.

    The article at geo doesn't contain smileys. That was all I asked you to remove. Remember???
     
  14. Blackwater

    Blackwater Veteran Member Veteran Member

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    :rofl::rofl::rofl::scared2::scared2::taunt1::taunt1:

    do u have smiley phobia ???

    BTW Iam also reporting ur post
     
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  15. Defcon 1

    Defcon 1 Senior Member Senior Member

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    Nope, I have sick phobia. I don't like it when I read threads where people get orgasms by posting bad news about other countries. That is really sick. Discussion on any news can be don't without being a sadist.
     
  16. Blackwater

    Blackwater Veteran Member Veteran Member

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    if u r sick pls take rest,dont bother to reply
     
  17. Defcon 1

    Defcon 1 Senior Member Senior Member

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    So what you understood from my post was that I am sick. Ok let me break it kindergarten level for you.

    I am not sick.

    Your behaviour is sick.

    I have problem with sick behaviour.

    That is why I reply.
     
  18. Blackwater

    Blackwater Veteran Member Veteran Member

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    enjoy




    :lol::lol::lol::taunt1::taunt1:
     
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  19. Blackwater

    Blackwater Veteran Member Veteran Member

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    More enjoy Pakistani praising pakistan:taunt1::taunt1::taunt1:


     
    Last edited by a moderator: May 10, 2015
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  20. Blackwater

    Blackwater Veteran Member Veteran Member

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    more on pak economy:lol::lol::lol:
     
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  21. Blackwater

    Blackwater Veteran Member Veteran Member

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    more on pak economy






    :laugh::laugh::laugh:
     
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