Creating Markets in Pakistan : Bolstering the Private Sector

This Country Private Sector Diagnostic (CPSD) analyzes and synthesizes cross-cutting and sectoral impediments to private sector development in Pakistan. It also proposes a policy reform agenda that would be transformational for the growth and competitiveness of the private sector. It complements t...

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Main Authors:	International Finance Corporation, World Bank
Format:	Report
Language:	English
Published:	International Finance Corporation, Washington, DC 2022
Subjects:	PRIVATE INVESTMENT AND ENTERPRISE PRIVATE SECTOR INVESTMENT PROMOTION CONSTRAINTS TO PRIVATE SECTOR DEVELOPMENT PORT LOGISTICS INVESTMENT FINANCIAL INCLUSION FINTECH POVERTY REDUCTION PROGRESS RENEWABLE ENERGY INVESTMENT AGRIBUSINESS INVESTMENT
Online Access:	http://hdl.handle.net/10986/37841

id	okr-10986-37841
recordtype	oai_dc
spelling	okr-10986-378412022-08-09T05:10:34Z Creating Markets in Pakistan : Bolstering the Private Sector International Finance Corporation World Bank PRIVATE INVESTMENT AND ENTERPRISE PRIVATE SECTOR INVESTMENT PROMOTION CONSTRAINTS TO PRIVATE SECTOR DEVELOPMENT PORT LOGISTICS INVESTMENT FINANCIAL INCLUSION FINTECH POVERTY REDUCTION PROGRESS RENEWABLE ENERGY INVESTMENT AGRIBUSINESS INVESTMENT This Country Private Sector Diagnostic (CPSD) analyzes and synthesizes cross-cutting and sectoral impediments to private sector development in Pakistan. It also proposes a policy reform agenda that would be transformational for the growth and competitiveness of the private sector. It complements the World Bank’s Systematic Country Diagnostic (SCD, 2020) and aims to contribute to the national dialogue by focusing specifically on private sector issues. The Pakistan@100 body of work is the base and it draws on recent thematic World Bank reports and consultations with business leaders and public officials. Technical solutions to Pakistan’s institutional constraints and policy distortions are readily available, but the implementation of these solutions requires committed political leadership. This has proven hard to muster in Pakistan’s young and noisy democracy. Successive administrations have been humbled by vocal public opposition or internal resistance to change influenced by special interest groups. Maintaining political stability has been challenging with frequent transfers of power between civilian and military administrations. The devolution of powers to the provinces and local governments has resulted in an institutional footprint with sometimes overlapping or unclear mandates that give rise to uncertainty for businesses. The question is therefore what it would take for Pakistan’s policymakers—and its elites and informal decision makers—to step up to address the multitude of issues as Pakistan falls behind its peers. Or, in other words, what would enable the government to break the economy’s many sub-optimal equilibria. 2022-08-08T18:26:22Z 2022-08-08T18:26:22Z 2021-05 Report http://hdl.handle.net/10986/37841 en CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Economic and Sector Work (ESW) Studies :: Core Diagnostic Reports :: Private Sector Development, Privatization, and Industrial Policy Publications & Research Pakistan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PRIVATE INVESTMENT AND ENTERPRISE PRIVATE SECTOR INVESTMENT PROMOTION CONSTRAINTS TO PRIVATE SECTOR DEVELOPMENT PORT LOGISTICS INVESTMENT FINANCIAL INCLUSION FINTECH POVERTY REDUCTION PROGRESS RENEWABLE ENERGY INVESTMENT AGRIBUSINESS INVESTMENT
spellingShingle	PRIVATE INVESTMENT AND ENTERPRISE PRIVATE SECTOR INVESTMENT PROMOTION CONSTRAINTS TO PRIVATE SECTOR DEVELOPMENT PORT LOGISTICS INVESTMENT FINANCIAL INCLUSION FINTECH POVERTY REDUCTION PROGRESS RENEWABLE ENERGY INVESTMENT AGRIBUSINESS INVESTMENT International Finance Corporation World Bank Creating Markets in Pakistan : Bolstering the Private Sector
geographic_facet	Pakistan
description	This Country Private Sector Diagnostic (CPSD) analyzes and synthesizes cross-cutting and sectoral impediments to private sector development in Pakistan. It also proposes a policy reform agenda that would be transformational for the growth and competitiveness of the private sector. It complements the World Bank’s Systematic Country Diagnostic (SCD, 2020) and aims to contribute to the national dialogue by focusing specifically on private sector issues. The Pakistan@100 body of work is the base and it draws on recent thematic World Bank reports and consultations with business leaders and public officials. Technical solutions to Pakistan’s institutional constraints and policy distortions are readily available, but the implementation of these solutions requires committed political leadership. This has proven hard to muster in Pakistan’s young and noisy democracy. Successive administrations have been humbled by vocal public opposition or internal resistance to change influenced by special interest groups. Maintaining political stability has been challenging with frequent transfers of power between civilian and military administrations. The devolution of powers to the provinces and local governments has resulted in an institutional footprint with sometimes overlapping or unclear mandates that give rise to uncertainty for businesses. The question is therefore what it would take for Pakistan’s policymakers—and its elites and informal decision makers—to step up to address the multitude of issues as Pakistan falls behind its peers. Or, in other words, what would enable the government to break the economy’s many sub-optimal equilibria.
format	Report
author	International Finance Corporation World Bank
author_facet	International Finance Corporation World Bank
author_sort	International Finance Corporation
title	Creating Markets in Pakistan : Bolstering the Private Sector
title_short	Creating Markets in Pakistan : Bolstering the Private Sector
title_full	Creating Markets in Pakistan : Bolstering the Private Sector
title_fullStr	Creating Markets in Pakistan : Bolstering the Private Sector
title_full_unstemmed	Creating Markets in Pakistan : Bolstering the Private Sector
title_sort	creating markets in pakistan : bolstering the private sector
publisher	International Finance Corporation, Washington, DC
publishDate	2022
url	http://hdl.handle.net/10986/37841
_version_	1764487968544784384

Creating Markets in Pakistan : Bolstering the Private Sector

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