Pakistan ranks 5th in banking efficiency: The News

KARACHI, Dec 3: Pakistan has been ranked 5th in the world’s banking efficiency index, while it stood among the top 25 countries in terms of foreign direct investment and foreign labour as per the world competitive report compiled by the World Economic Forum, Switzerland .This was stated by Sushant Rao, director and head of South Asia of the World Economic Forum (WEF).He was speaking at the 11th management convention organised by the Management Association of Pakistan here on Wednesday.He said that in overall terms, Pakistan ranked at 101 out of 134 countries, which are part of the report. He said that efforts should be made to improve the country’s perception among the international community regarding the business and trade environment.

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