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Corruption most problematic for business in Pakistan: WEF
Pakistan jumped three spots to number 126 out of 140 economies on the World Economic Forum's (WEF) Global Competitiveness Index (GCI) for the year 2015-2016.
The country ranked 129 out of 144 economies during the previous year's ranking. This is the second consecutive year that Pakistan's ranking has risen.
The GCI is a comprehensive assessment of the competitiveness landscape of economies, providing insight into drivers of productivity and prosperity.
The five most problematic factors for doing business in Pakistan during 2015-2016 cited by the report are corruption, tax rates, inflation, access to financing and insufficient government bureaucracy.