[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108629-en":3,"doc-seo-108629-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108629,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","COUNTRY PRIVATE SECTOR DIAGNOSTIC - Creating Markets in Pakistan - Bolstering the Private Sector","Pakistan’s untapped economic potential is constrained by political turbulence, regional insecurity, and macroeconomic instability, leaving private-sector growth far behind peers. The Country Private Sector Diagnostic (CPSD) analyzes cross-cutting and sectoral impediments to private development and proposes a transformational policy reform agenda. It links core constraints to implementable solutions within the next five years, emphasizing the need for committed political leadership and institutional clarity. Reforms remain relevant post-COVID-19, while pandemic impacts intensify structural challenges for economic recovery.","Public Disclosure Authorized Public Disclosure Authorized  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN PAKISTAN  \nBolstering the Private Sector  \nPub lic Disc losure Authorized  \nMay 2021  \nAbout IFC  \nIFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and in uence to create markets and opportunities where they are needed most. In scal year 2019, we delivered more than $19 billion in long-term nancing for developing countries, leveraging the power of the  \nprivate sector to end extreme poverty and boost shared prosperity. For more information, [visit www.ifc.org](visit www.ifc.org)[ ](visit www.ifc.org)© International Finance Corporation 2020. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C. 20433 [www.ifc.org](www.ifc.org)  \nThe material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The ndings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily re ect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent.  \nEXECUTIVE SUMMARY  \n1. Pakistan has tremendous untapped economic potential. Built upon one of the world’s oldest civilizations, Pakistan is strategically located as it borders energy rich Iran and the world’s two largest emerging economies: China and India. Pakistan has the world’s fifth largest population with two-thirds under the age of 30. The country boasts a diaspora of nine million residing mainly in the Middle East, the United States and Europe. The east of the country is endowed with fertile land and great rivers that have rendered Pakistan among the world’s top producers of cotton, dates, mangoes and oranges. The textiles and garment industry has been a major source of export earnings for decades. Yet despite these endowments and the demographic dividend, Pakistan’s economy has stagnated relative to its regional and aspirational peers, and this divergence in economic fortunes has accelerated in the last decade. A history of political turbulence, regional insecurity and macroeconomic instability have shaped the economy and investment decisions. A relatively slow growth in both human and physical capital accumulation coupled with restrictive and distortive policies maintained by special interest groups have left the country unable to realize its economic potential.  \n2. This Country Private Sector Diagnostic (CPSD) analyzes and synthesizes cross-cutting and sectoral impediments to private sector development in Pakistan. It also proposes a policy reform agenda that would be transformational for the growth and competitiveness of the private sector. It complements the World Bank’s Systematic Country Diagnostic (SCD, 2020) and aims to contribute to the national dialogue by focusing specifically on private sector issues. The Pakistan@100 body of work is the base and it draws on recent thematic World Bank reports and consultations with business leaders and public officials. Technical solutions to Pakistan’s institutional constraints and policy distortions are readily available, but the implementation of these solutions requires committed political leadership. This has proven hard to muster in Pakistan’s young and noisy democracy. Successive administrat","cbCailCPnnrnAnW3","https://ap.wps.com/l/cbCailCPnnrnAnW3","pdf",466840,4,1,14,"English","en",105,"# Executive Summary\n## Pakistan’s Economic Potential and Key Constraints\n## Purpose and Analytical Framework of the CPSD\n## Reform Agenda, Implementation Horizon, and COVID-19 Context","[{\"question\":\"What key factors have limited Pakistan’s economic growth despite its potential?\",\"answer\":\"Political turbulence, regional insecurity, and macroeconomic instability, combined with slow capital accumulation and restrictive, distortionary policies shaped by special interest groups.\"},{\"question\":\"What does the Country Private Sector Diagnostic (CPSD) aim to do?\",\"answer\":\"Analyze and synthesize impediments to private sector development and propose a policy reform agenda focused on transforming growth and competitiveness.\"},{\"question\":\"How are the identified reforms expected to support private investment and market opportunities?\",\"answer\":\"The action matrix links core constraints to concrete solutions that can be implemented within the next five years, though implementation requires committed political 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