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1- BUMPER COTTON CROP
2- WHOLE SCENE BEHIND THE NEWS... WTO
3-
DEPENDENCY AFFECTED PAKISTAN INTERNATIONAL TRADE
4- PAKISTAN'S IMAGE ABROAD
5-
CONTAMINATED COTTON

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PAKISTAN'S IMAGE ABROAD

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Pakistan has been rated higher than many countries in the world

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By Prof. Dr. KHAWAJA AMJAD SAEED*
email: professor@kamjadsaeed.edu.pk

Oct 25 - 31, 2004
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By the grace of Allah, Pakistan is in the main stream in the world. There is no threat of insolvency. In several dimensions, our image abroad is improving. This piece looks at one aspect namely Opacity Index as released in the Economist, London in their issue of September 18, 2004, Page 106.

CONCEPT

Opacity Index has been released in the Economist, London in the past. This index measures the risks associated with the following:

FACTORS CONSIDERED IN OPACITY INDEX

1. Unclear legal systems
2. Regulations
3. Economic Policies
4. Corporate Governance Standards
5. Corruption

COUNTRIES SURVEYED

The survey for the above Index was extended to 48 countries. Some of the important points of interest are as under:

1) Finland has one of the world's most transparent business climates in the world.

2) Britain has become more transparent over the past few years.

3) Unfortunately America's rating has fallen.

 

 

4) Although China attracts much foreign investment, surprisingly she is even less transparent than Nigeria.

5) The least business climate is found in Indonesia.

PAKISTAN'S POSITION

Pakistan has been rated higher than many countries in the world as is apparent from

PAKISTAN'S CUTTING EDGE OVER OTHER COUNTRIES

1. Indonesia
2. Venezuela
3. China
4. Nigeria
5. India
6. Egypt
7. Russia
8. Pakistan

Based on research undertaken by Kurtzman group, an International Consulting firm, Pakistan's position is even better than India.

CONCLUSION

It is high time that we must continue our continuous improvement in further making our legal systems more clear, undertake more and more deregulation exercises, reinforce the spirit of continuity of economic policies, strengthen the implementation aspects of Corporate Governance standards and continue our attack on reducing corruption at the most minimum level. Consequently the image of Pakistan abroad will continue to swing upward.

*Principal, Hailey College of Banking & Finance, Constituent College of the University of the Punjab, Lahore.

 

 

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