Business Reforms in Pakistan
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Pakistan made starting a business easier by replacing the need to obtain a digital signature for company incorporation with a less costly personal identification number. This change applies to both Karachi and Lahore.
Registering Property: Pakistan, Karachi improved the transparency of the land registration process by publishing online the fee schedule and the list of documents necessary to complete any property registration.
Protecting Minority Investors: Pakistan increased minority investor protections by making it easier to sue directors in case of prejudicial transactions with interested parties. This reform applies to both Karachi and Lahore.
Trading across Borders: Pakistan made importing and exporting easier by developing a new container terminal and enhancing its customs platform for electronic document submission. These changes apply to both Karachi and Lahore.
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 property transfer more affordable by reducing the stamp duty rate.
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.