According to the recent census, Punjab has 53 % of Pakistan’s total population. Providing basic necessities and resolving problems of one hundred and ten million people of the province is Punjab government’s main priority. For creation of job opportunities it’s imperative to have a conducive environment for business .
An environment which has business friendly policies that resultantly will not only create job opportunities but also improve the economy of the country.
In this regard, Punjab government keeping in view the index factors of doing business is moving ahead with its reformation program. To understand this program, we need to understand priorities of doing business . World Bank in 2002 started a Doing Business Program with the basic purpose to ease out business regulations and create conducive environment for investments. In this project, reformatory initiatives of business regulations of large economies and selected cities are analyzed and are provided with suggestion for improving their business environment . Doing Business encourages these economies for formulating effective regulations and business policies.
The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the sub national and regional level. The Doing Business project looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle. By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, Doing Business encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy.
In addition, Doing Business offers detailed sub national reports, which exhaustively cover business regulation and reform in different cities and regions within a nation. These reports provide data on the ease of doing business , rank each location, and recommend reforms to improve performance in each of the indicator areas. Selected cities can compare their business regulations with other cities in the economy or region and with the 190 economies that Doing Business has ranked.
The first Doing Business report, published in 2003, covered 5 indicator sets and 133 economies. This year’s report covers 11 indicator sets and 190 economies. Most indicator sets refer to a case scenario in the largest business city of each economy, except for 11 economies that have a population of more than 100 million as of 2013 including two cities of Pakistan where Doing Business , also collected data for the second largest business city. The data for these 11 economies are a population-weighted average for the 2 largest business cities. The project has benefited from feedback from governments, academics, practitioners and reviewers.
The initial goal remains: to provide an objective basis for understanding and improving the regulatory environment for business around the world.
These indicator are starting a business , dealing with construction permit, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across broader, enforcing contracts and resolving insolvency.
Of these indicators, Registering Property is a subject of Punjab Land Record Authority. The authority for improving registration of property is taking necessary steps. It is worth mentioning that according to 2017 business indicators, Karachi was better in ranking regarding the business environment .
Despite outstanding performance of several departments of the Punjab Government, it requires some basic reforms. PLRA is successfully working on these reforms which could be seen in the upcoming Doing Business report.
PLRA has successfully reduced seven step for property registration to four steps in accordance with the key indicators of doing business . Reducing the total time required of property registration from 56 days to 18 days. Issuance of ‘Fard’ is now possible in mere 30 minutes.
PLRA from 1July 2016 to 30 June 2017 has received 24769 application for property registration and on average an application was process in just 18 days. PLRA has successfully digitalized the land record of the entire province.
PLRA is managing both registration and mapping so that the process can be made easier and convenient for the people of Punjab and also for the foreign investors. Land record of the entire Province Punjab is available on our website (Punjab-zameen.gov.pk).
We also have a tailor made complaint system for redressing grievances of the General Public. PLRA obtains feedback through a third party which has shown more than 95 % satisfaction level of the people befitting from our services.
Due to such revolutionary initiatives of PLRA, Pakistan is expected to improve its ranking on the Doing Business rank chart where we are currently ranked at 147th position, by the project of the World Bank Doing Business .