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Afghanistan ranked 177th in ease of doing business

Afghanistan ranked 177th in ease of doing business

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Oct 28, 2015 - 09:33

WASHINGTON (Pajhwok): Afghanistaninfo-icon is ranked 177th out of 189 countries in the ease of doing business, the Worldinfo-icon Bank said in its latest annual report on Tuesday.

A high ease of doing business ranking means the regulatory environmentinfo-icon is more conducive to the starting and operation of a local firm.

The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic.

As a result of steps taken by the unity government, Afghanistan’s ranking has increased by six spots in the last one year, according to the report.

In the 2015 report of the World Bank, Afghanistan was placed 183rd out of 189 countries.

However, in its report “Doing Business 2016”, the World Bank said Afghanistan had made starting a business costlier by increasing the registration and publication fees.

It praised Afghanistan for improved access to credit information by launching a credit registry. Its neighbour Pakistaninfo-icon slipped to 138th place from 128th last year.

Ten areas are included in this year’s ranking: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.

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