= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Paying Taxes:
Pakistan increased the profit tax rate for small firms.
DB2011:
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.
DB2010:
Starting a Business:
Business start-up was simplified by introducing a system that allows online registration for sales tax and removing the requirement to make a declaration of compliance on a stamped paper. These moves removed four days and one procedure and halved the cost of the business start-up process.
DB2008:
Registering Property:
In July 2006, the Sindh (province) Finance Act was issued that caused the stamp duty to decrease from 3% to 2% of property value. Karachi is located in Sindh province and therefore the new rate applies to our case. However, the positive impact of the reform was overcome by the reinstatement of the Capital Value Tax of 2% at the national level by the Finance Act 2006, causing a net increase of 1% property value in the total cost to transfer this year.
Getting Credit:
The private credit bureau has expanded the scope of information distributed to include positive as well as negative credit information. In addition to late payments and defaults information, the original and outstanding loan amounts are now distributed to lenders as well. Pakistan 's public credit registry eliminated its loan threshold of 500,000 Pakistan rupees ($8,350), boosting coverage by 20 times.