In terms of global trade competitiveness Pakistan has been ranked 112th by World Economic Forum Survey 2010. The factors responsible are said to be high tariff, difficult customs procedures, poor transport infrastructure and deteriorating law and order.
This is the second consecutive year in which the country performed poorly in terms of trade facilitation and its integration with the global market mainly due to the lack of planning at the ministries of commerce and communication, WEF’s Global Enabling Trade Report 2010 revealed. In 2009, the country stood at 100th position, while in 2008 it ranked 88th.
The report evaluated a country’s performance in 56 categories, which ranged from tariff rate, airport density to business cost of crime and violence. Pakistan has competitive disadvantage in 47 of these areas, it said.