Business Reforms in Pakistan
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Registering Property: Pakistan improved the quality of land administration by digitizing ownership and land records. This reform applies to Lahore.
Getting Credit: Pakistan improved access to credit information guaranteeing by law borrowers’ rights to inspect their own data. The credit bureau also expanded its borrower coverage. This reform applies to both Lahore and Karachi.
Trading across Borders: Pakistan made exporting and importing easier by enhancing its electronic "Web Based One Customs Platform".
Trading across Borders: Pakistan made trading across borders easier by introducing a fully automated, computerized system (the Web-Based One Customs system) for the submission and processing of export and import documents. This reform applies to both Lahore and Karachi.
Paying Taxes: Pakistan increased the profit tax rate for small firms.
Registering Property: Pakistan made registering property more expensive by doubling the capital value tax to 4%.
Trading across Borders: Pakistan reduced the time to export by improving electronic communication between the Karachi Port authorities and the private terminals, which have also boosted efficiency by introducing new equipment.
Starting a Business: Pakistan made starting a business easier by introducing an electronic registration system, allowing online registration for sales tax and eliminating the requirement to make the declaration of compliance on a stamped paper.
Registering Property: Pakistan made registering property more expensive by increasing the capital value tax.
Getting Credit: Pakistan’s private credit bureau began distributing positive as well as negative credit information, and its public credit registry eliminated the minimum threshold for loans included in its database.