Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report
Pakistan has faced a seismic shift in its global and domestic economic landscape which until recently limited policy options to address investment climate concerns. External shocks, internal policy inaction and political turmoil placed the country...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/12/16251082/pakistans-investment-climate-laying-foundation-renewed-growth-vol-1-3-main-report http://hdl.handle.net/10986/12412 |
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okr-10986-12412 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO BANK ACCOUNTING ADEQUATE RESPONSE ALLOCATIVE EFFICIENCY AUDITS AVERAGE PRODUCTIVITY BANK ACCOUNT BANK FINANCING BANK LENDING BANKING SECTOR BANKING SYSTEM BARRIERS TO ENTRY BENEFICIARIES BLUE CHIP BOND INDEX BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL MARKET CENTRAL BANK CHECKS COAL COLLATERAL COLLATERAL REQUIREMENTS COLLATERAL SYSTEMS COLLATERALS COMMODITY COMMODITY PRICE COMMODITY PRICES COMMUNICATION TECHNOLOGIES COMPARATIVE ANALYSIS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE INSOLVENCY CORPORATE LAW CPI CREDIT DECISIONS CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT MARKET CREDITOR CREDITOR RIGHTS CROSS SUBSIDIZATION CURRENCY DEBT DEFICITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISPUTE RESOLUTION DOMESTIC ECONOMY DOMESTIC MARKETS ECONOMIC DOWNTURN ECONOMIC GROWTH EMERGING MARKET EMERGING MARKET BOND EMPIRICAL ANALYSIS ENERGY EFFICIENCY ENFORCEABILITY ENFORCEMENT OF CONTRACTS ENTERPRISE PERFORMANCE ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATES EXPANSIONARY POLICY EXPENDITURE EXPORT COMPETITIVENESS EXPORT GROWTH FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FIRM ASSETS FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FLEXIBLE EXCHANGE RATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE ISSUES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HOLDING HOUSEHOLD INCOMES IMMOVABLE PROPERTY INCOME INCOME LEVELS INFLATION INFORMAL FINANCE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INSOLVENCY REGIME INSTITUTIONAL ENVIRONMENT INSURANCE INSURANCE INDUSTRY INTELLECTUAL PROPERTY INTEREST RATE INTEREST RATES INTERNATIONAL COMPETITION INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT RATES INVESTMENT REGIME JOINT VENTURES JUDICIAL SYSTEM LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LACK OF TRANSPARENCY LAND TITLE LAND TITLING LEGAL FRAMEWORK LEGAL RIGHTS LEGISLATIVE FRAMEWORK LENDERS LENDING PORTFOLIO LEVEL PLAYING FIELD LIEN LINES OF CREDIT LIQUIDATION LOAN LOAN PROCESSING LOAN SIZES LOCAL BUSINESS LONG-TERM INVESTMENTS MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET CONSTRAINTS MARKET DEPTH MARKET INFORMATION MARKET MECHANISMS MARKET POWER MARKET SHARE MARKET SHARES MONETARY FUND MONETARY POLICIES MONETARY POLICY MOVABLE COLLATERALS MOVEABLE COLLATERAL NATIONAL SAVINGS OIL OPEN MARKETS OUTPUT PATENTS POLICY MAKERS POPULATION GROWTH POWER OUTAGES PRICE CHANGES PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE PROPERTY PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY GROWTH PROPERTY RIGHT PROPERTY RIGHTS PROTECTION OF INVESTOR PRUDENTIAL REGULATIONS PUBLIC GOODS PUBLIC INVESTMENT REGISTRATION PROCESS REGULATORS REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY SYSTEM RESERVE RESERVE REQUIREMENT RESERVES RESOURCE ALLOCATION RESOURCE USE RETAINED EARNINGS RETURN RETURNS RISK MANAGEMENT SAFETY NET SAFETY NETS SECURITIES SECURITY INTERESTS SETTLEMENT SOCIAL SAFETY NETS STABILIZATION POLICY STATE BANK SUPPLY SHOCKS TAX TAX CODE TAX COLLECTION TAX POLICY TAX RATE TAX RATES TAX SYSTEM TECHNOLOGY TRANSFER TELECOMMUNICATIONS TRADE BALANCE TRADE CREDIT TRADING TRANSACTION TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WASTE MANAGEMENT WORKING CAPITAL WORLD TRADE |
| spellingShingle |
ACCESS TO BANK ACCOUNTING ADEQUATE RESPONSE ALLOCATIVE EFFICIENCY AUDITS AVERAGE PRODUCTIVITY BANK ACCOUNT BANK FINANCING BANK LENDING BANKING SECTOR BANKING SYSTEM BARRIERS TO ENTRY BENEFICIARIES BLUE CHIP BOND INDEX BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL MARKET CENTRAL BANK CHECKS COAL COLLATERAL COLLATERAL REQUIREMENTS COLLATERAL SYSTEMS COLLATERALS COMMODITY COMMODITY PRICE COMMODITY PRICES COMMUNICATION TECHNOLOGIES COMPARATIVE ANALYSIS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE INSOLVENCY CORPORATE LAW CPI CREDIT DECISIONS CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT MARKET CREDITOR CREDITOR RIGHTS CROSS SUBSIDIZATION CURRENCY DEBT DEFICITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISPUTE RESOLUTION DOMESTIC ECONOMY DOMESTIC MARKETS ECONOMIC DOWNTURN ECONOMIC GROWTH EMERGING MARKET EMERGING MARKET BOND EMPIRICAL ANALYSIS ENERGY EFFICIENCY ENFORCEABILITY ENFORCEMENT OF CONTRACTS ENTERPRISE PERFORMANCE ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATES EXPANSIONARY POLICY EXPENDITURE EXPORT COMPETITIVENESS EXPORT GROWTH FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FIRM ASSETS FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FLEXIBLE EXCHANGE RATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE ISSUES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HOLDING HOUSEHOLD INCOMES IMMOVABLE PROPERTY INCOME INCOME LEVELS INFLATION INFORMAL FINANCE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INSOLVENCY REGIME INSTITUTIONAL ENVIRONMENT INSURANCE INSURANCE INDUSTRY INTELLECTUAL PROPERTY INTEREST RATE INTEREST RATES INTERNATIONAL COMPETITION INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT RATES INVESTMENT REGIME JOINT VENTURES JUDICIAL SYSTEM LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LACK OF TRANSPARENCY LAND TITLE LAND TITLING LEGAL FRAMEWORK LEGAL RIGHTS LEGISLATIVE FRAMEWORK LENDERS LENDING PORTFOLIO LEVEL PLAYING FIELD LIEN LINES OF CREDIT LIQUIDATION LOAN LOAN PROCESSING LOAN SIZES LOCAL BUSINESS LONG-TERM INVESTMENTS MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET CONSTRAINTS MARKET DEPTH MARKET INFORMATION MARKET MECHANISMS MARKET POWER MARKET SHARE MARKET SHARES MONETARY FUND MONETARY POLICIES MONETARY POLICY MOVABLE COLLATERALS MOVEABLE COLLATERAL NATIONAL SAVINGS OIL OPEN MARKETS OUTPUT PATENTS POLICY MAKERS POPULATION GROWTH POWER OUTAGES PRICE CHANGES PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE PROPERTY PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY GROWTH PROPERTY RIGHT PROPERTY RIGHTS PROTECTION OF INVESTOR PRUDENTIAL REGULATIONS PUBLIC GOODS PUBLIC INVESTMENT REGISTRATION PROCESS REGULATORS REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY SYSTEM RESERVE RESERVE REQUIREMENT RESERVES RESOURCE ALLOCATION RESOURCE USE RETAINED EARNINGS RETURN RETURNS RISK MANAGEMENT SAFETY NET SAFETY NETS SECURITIES SECURITY INTERESTS SETTLEMENT SOCIAL SAFETY NETS STABILIZATION POLICY STATE BANK SUPPLY SHOCKS TAX TAX CODE TAX COLLECTION TAX POLICY TAX RATE TAX RATES TAX SYSTEM TECHNOLOGY TRANSFER TELECOMMUNICATIONS TRADE BALANCE TRADE CREDIT TRADING TRANSACTION TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WASTE MANAGEMENT WORKING CAPITAL WORLD TRADE Manes, Eric Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| geographic_facet |
South Asia Pakistan |
| description |
Pakistan has faced a seismic shift in
its global and domestic economic landscape which until
recently limited policy options to address investment
climate concerns. External shocks, internal policy inaction
and political turmoil placed the country in a precarious
economic condition, calling on the authorities to take a
hard look at the policy choices ahead. Macroeconomic
instability resulting in inflation, exchange rate
depreciation, and a rapid depletion in foreign reserves
became acute in 2007-08, with the adjustment accompanied by
a reduction in investment, export and output growth. The
recent slowdown in global demand for world trade along with
supply shocks from the domestic economy has exacerbated an
already monumental challenge for Pakistani firms to prosper
and policy makers to respond. As external market conditions
and Pakistan's own stabilization program temper
economic expectations, opportunities abound to lay the
foundation for expansion. Given Pakistan's geopolitical
positioning, growing labor participation rates, and
improvements in the standard of living, significant poverty
outcomes can be achieved through sustained economic growth.
Even, in the short run, during periods of slower growth,
banking system weakness, and corporate distress, Pakistan
can take the opportunity to position itself for the
inevitable global rebound. Concerted efforts now can improve
firm level productivity, fluidity of markets for labor,
capital and land, as well as goods, and therefore, better
resource use and global competitiveness. |
| format |
Economic & Sector Work :: Investment Climate Assessment (ICA) |
| author |
Manes, Eric |
| author_facet |
Manes, Eric |
| author_sort |
Manes, Eric |
| title |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| title_short |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| title_full |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| title_fullStr |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| title_full_unstemmed |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report |
| title_sort |
pakistan's investment climate : laying the foundation for renewed growth, volume 1. main report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/12/16251082/pakistans-investment-climate-laying-foundation-renewed-growth-vol-1-3-main-report http://hdl.handle.net/10986/12412 |
| _version_ |
1764419811081715712 |
| spelling |
okr-10986-124122021-04-23T14:03:00Z Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 1. Main Report Manes, Eric ACCESS TO BANK ACCOUNTING ADEQUATE RESPONSE ALLOCATIVE EFFICIENCY AUDITS AVERAGE PRODUCTIVITY BANK ACCOUNT BANK FINANCING BANK LENDING BANKING SECTOR BANKING SYSTEM BARRIERS TO ENTRY BENEFICIARIES BLUE CHIP BOND INDEX BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL MARKET CENTRAL BANK CHECKS COAL COLLATERAL COLLATERAL REQUIREMENTS COLLATERAL SYSTEMS COLLATERALS COMMODITY COMMODITY PRICE COMMODITY PRICES COMMUNICATION TECHNOLOGIES COMPARATIVE ANALYSIS CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE INSOLVENCY CORPORATE LAW CPI CREDIT DECISIONS CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT MARKET CREDITOR CREDITOR RIGHTS CROSS SUBSIDIZATION CURRENCY DEBT DEFICITS DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISPUTE RESOLUTION DOMESTIC ECONOMY DOMESTIC MARKETS ECONOMIC DOWNTURN ECONOMIC GROWTH EMERGING MARKET EMERGING MARKET BOND EMPIRICAL ANALYSIS ENERGY EFFICIENCY ENFORCEABILITY ENFORCEMENT OF CONTRACTS ENTERPRISE PERFORMANCE ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATES EXPANSIONARY POLICY EXPENDITURE EXPORT COMPETITIVENESS EXPORT GROWTH FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STRUCTURES FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FIRM ASSETS FIRM PERFORMANCE FISCAL DEFICIT FISCAL DEFICITS FLEXIBLE EXCHANGE RATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE ISSUES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HOLDING HOUSEHOLD INCOMES IMMOVABLE PROPERTY INCOME INCOME LEVELS INFLATION INFORMAL FINANCE INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INSOLVENCY REGIME INSTITUTIONAL ENVIRONMENT INSURANCE INSURANCE INDUSTRY INTELLECTUAL PROPERTY INTEREST RATE INTEREST RATES INTERNATIONAL COMPETITION INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVENTORY INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT RATES INVESTMENT REGIME JOINT VENTURES JUDICIAL SYSTEM LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LACK OF TRANSPARENCY LAND TITLE LAND TITLING LEGAL FRAMEWORK LEGAL RIGHTS LEGISLATIVE FRAMEWORK LENDERS LENDING PORTFOLIO LEVEL PLAYING FIELD LIEN LINES OF CREDIT LIQUIDATION LOAN LOAN PROCESSING LOAN SIZES LOCAL BUSINESS LONG-TERM INVESTMENTS MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET CONSTRAINTS MARKET DEPTH MARKET INFORMATION MARKET MECHANISMS MARKET POWER MARKET SHARE MARKET SHARES MONETARY FUND MONETARY POLICIES MONETARY POLICY MOVABLE COLLATERALS MOVEABLE COLLATERAL NATIONAL SAVINGS OIL OPEN MARKETS OUTPUT PATENTS POLICY MAKERS POPULATION GROWTH POWER OUTAGES PRICE CHANGES PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE PROPERTY PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY GROWTH PROPERTY RIGHT PROPERTY RIGHTS PROTECTION OF INVESTOR PRUDENTIAL REGULATIONS PUBLIC GOODS PUBLIC INVESTMENT REGISTRATION PROCESS REGULATORS REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY SYSTEM RESERVE RESERVE REQUIREMENT RESERVES RESOURCE ALLOCATION RESOURCE USE RETAINED EARNINGS RETURN RETURNS RISK MANAGEMENT SAFETY NET SAFETY NETS SECURITIES SECURITY INTERESTS SETTLEMENT SOCIAL SAFETY NETS STABILIZATION POLICY STATE BANK SUPPLY SHOCKS TAX TAX CODE TAX COLLECTION TAX POLICY TAX RATE TAX RATES TAX SYSTEM TECHNOLOGY TRANSFER TELECOMMUNICATIONS TRADE BALANCE TRADE CREDIT TRADING TRANSACTION TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WASTE MANAGEMENT WORKING CAPITAL WORLD TRADE Pakistan has faced a seismic shift in its global and domestic economic landscape which until recently limited policy options to address investment climate concerns. External shocks, internal policy inaction and political turmoil placed the country in a precarious economic condition, calling on the authorities to take a hard look at the policy choices ahead. Macroeconomic instability resulting in inflation, exchange rate depreciation, and a rapid depletion in foreign reserves became acute in 2007-08, with the adjustment accompanied by a reduction in investment, export and output growth. The recent slowdown in global demand for world trade along with supply shocks from the domestic economy has exacerbated an already monumental challenge for Pakistani firms to prosper and policy makers to respond. As external market conditions and Pakistan's own stabilization program temper economic expectations, opportunities abound to lay the foundation for expansion. Given Pakistan's geopolitical positioning, growing labor participation rates, and improvements in the standard of living, significant poverty outcomes can be achieved through sustained economic growth. Even, in the short run, during periods of slower growth, banking system weakness, and corporate distress, Pakistan can take the opportunity to position itself for the inevitable global rebound. Concerted efforts now can improve firm level productivity, fluidity of markets for labor, capital and land, as well as goods, and therefore, better resource use and global competitiveness. 2013-02-20T14:11:46Z 2013-02-20T14:11:46Z 2009-12 http://documents.worldbank.org/curated/en/2009/12/16251082/pakistans-investment-climate-laying-foundation-renewed-growth-vol-1-3-main-report http://hdl.handle.net/10986/12412 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Investment Climate Assessment (ICA) Economic & Sector Work South Asia Pakistan |