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World Bank ranks Pakistan first in corporate governance

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World Bank Report “Getting Finance in South Asia 2009” has ranked Pakistan first in the areas of corporate governance, performance and efficiency.

In the area of access to finance, Sri Lanka ranks first in South Asia, on capital market development and market concentration and competitiveness in the banking sector first slot is grabbed by India.
According to the detailed report on Pakistan the bond market is developing at a lesser pace. The
domestic bond outstanding was 25.16 percent of the GDP, equivalent to $32.41 billion. This consists of mainly government bonds, as the corporate market is yet to develop. The areas on which Pakistan needs to focus are access to finance capital market development, and market concentration. Continue reading

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