Sunday, September 18, 2011

Pakistan's ranking on Global Competitiveness Index , 2011

 Chairman of Board of Investment (BoI) Saleem Mandviwala has said that this year Pakistan improved five ranks on Global Competitiveness Index by securing rank of 118 out of 142 countries of the world. Although this rank is not laudable and a lot more needs to be done but one should be optimistic as well, “still we feel we are in right direction and must work hard to improve our standards,” Mandviwala further added. In 2007, Goldman Sachs included Pakistan in ‘Next 11’ emerging economies of the world that after BRIC countries i-e Brazil, Russia ,India & China, would be big part of global GDP by 2050.
This is an encouraging side which most of the cynical people ignore. 

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