Pakistan fall down 3 ranks in Global Competitiveness Index

The World Economic Forum has ranked Pakistan at 110 among 141 countries on the Global Competitiveness Index.

Geneva: The World Economic Forum released the Global Competitiveness Report 2019 this week adopting a new methodology for measuring competitiveness by including indices which represents more knowledge and digital-based ecosystems.

According to report Pakistan has ranked at 110 among 141 countries on the Global Competitiveness Index.

Comparison with the old methodology where Pakistan has actually fallen, and is ranked at 110 this year compared to 107 in 2018.

The new methodology had been able to capture the business dynamism and innovation capability of Pakistan and helped the country in registering some gains. Economic experts said

On the 12 Pillars of Competitiveness, among 141 countries, Pakistan ranks at 107th on institutions, infrastructure (105), ICT adoption (131), stability (116), health (115), skills (125), product market (125), labour market (120), financial system (99), market size (29), business dynamism (52) and innovation capacity (79).