Abb Takk News

Pakistan Ranked 110 on Global Competitiveness Index

ISLAMABAD: The World Economic Forum (WEF) has ranked Pakistan at 110 among 141 countries on the Global Competitiveness Index (GCI).

The 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.

However, to give a comparison with the old methodology, the WEF has given a ranking called the backcasting, where Pakistan has actually fallen, and is ranked at 110 this year compared to 107 in 2018.

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