Pakistan ranked 71 out of 155 economies

[The HBS Guy]

Pakistan ranked 71 out of 155 economies in Logistics Performance
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LAHORE: Pakistan needs to speed up its national trade corridor programme as it is ranked 71 out of 155 economies in the World Bank’s Logistics Performance Index 2012 - much below its competitors, the UAE and India, which are ranked 17 and 46, respectively.

The report highlighted the cost of poor logistics to country competitiveness and the sources of those higher costs. Beyond cost and time taken to deliver goods, the predictability and reliability of supply chains is increasingly important in a world of just-in-time production sharing.

Based on a worldwide survey of operators on the ground — such as global freight forwarders and express carriers — the Logistics Performance Index measures the logistics ‘friendliness’ of 155 countries. It helps the countries identify the challenges and opportunities they face in their trade logistics performance and what they can do to improve.

The LPI is the weighted average of the country scores on the six key dimensions, which include efficiency of the clearance process (ie, speed, simplicity and predictability of formalities) by border control agencies, including Customs; quality of trade and transport-related infrastructure (eg, ports, railroads, roads, information technology); ease of arranging competitively priced shipments; competence and quality of logistics services (eg, transport operators, Customs brokers); ability to track and trace consignments; and timeliness of shipments in reaching destination within the scheduled or expected delivery time. The scorecards demonstrate comparative performance - the dimensions show on a scale from one to five. Singapore with a score of 4.13 was declared top in the logistics performance, according to the index.

Pakistan is striving to make its ports the hub of trading activities of the region to serve as transshipment point for the Middle East, South Asia and Central Asian States.

Currently, the United Arab Emirates and to some extent Indians are preferred ports for transshipments in the region due to their efficient operations, it said.

The World Bank report highlighted the hurdles that Pakistan would have to overcome before it could expect to challenge its neighbours. Otherwise, according to logistics experts, Pakistan would end up as trade passage for landlocked countries of Central Asia only. Pakistan’s rank in 2007 LPI was 68 with a score of 2.62 that deteriorated to 110 in LPI 2012 with a score of 2.53. Its rank has considerably increased in 2012 to 71 with a LPI score of 2.83 its highest score since the introduction of this index by the World Bank.

Among various logistics parameters, Pakistan is ranked 46 in efficiency of its Customs department as compared to 15th rank enjoyed by the UAE, and 52 by India.

In infrastructure, Pakistan’s position among the 155 global economies is 71, with the UAE ranked 17 and India 56. In international shipments, Pakistan score 2.68 points to attain 68th position; the UAE with a score of 3.59 was ranked 16th and India 54th, scoring 2.98 points.

In the logistics quality and competence, the World Bank placed Pakistan at 72 with the UAE occupying 17th and India 38th position. As far as tracking and tracing of consignments is concerned, Pakistan with a score of 2.61 is at 90th position, the UAE is ranked 13th and India 54th under this parameter. Under timeliness, Pakistan is ranked 83rd as compared to 13th position enjoyed by the UAE and 44th by India.

Pakistan ranked 71 out of 155 economies - thenews.com.pk

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The title is somewhat misleading. It should be 'Pakistan ranked 55 out of 155 economies in Logistics performance'

 

[Don Jaguar]

Shame.

6 biggest population 71 biggest economy.

 

[The HBS Guy]

Shame.

6 biggest population 71 biggest economy.

It's not about economy. It's about logistics performance. The title is misleading actually.

 

[Surenas]

Shame.

6 biggest population 71 biggest economy.

No, Pakistan is 47 biggest economy of the world.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

 

[K-Xeroid]

Shame.

6 biggest population 71 biggest economy.

It shows that our Economists are trying Hard to bring our economy back on track, even in infrastructure If we are getting 71 position and in logistics parameters we are ranked as 46th most efficient then it shows that not on Government level but on private level our nation is trying hard to get back in compitition. Thats not irony but someone is trying atleast .

 

[Don Jaguar]

To all those people who are commenting here.

You are well aware of the natural resources Pakistan has. See them and then see our GDP approximately 200 billion dollars.

We are far behind from the point we should be by now.

 

[Hello_10]

Shame.

6 biggest population 71 biggest economy.

something more interesting, if population of India, Pakistan could be half of their current level then their economy might be at least 1.5 times bigger than the current level

like in case of India, their 50% population is based in agriculture and only half is required to have the current level of agriculture production, the maximum. and also half of the population of their cities is under very low income, who just look for a good paid job which they can't get. and these 'unnecessary' population consume a very high subsidies every year which could be used for productive works which could have raised GDP to much higher level than the current level

 

[Don Jaguar]

something more interesting, if population of India, Pakistan could be half of their current level then their economy might be at least 1.5 times bigger than the current level

like in case of India, their 50% population is based in agriculture and only half is required to have the current level of agriculture production, the maximum. and also half of the population of their cities is under very low income, who just look for a good paid job which they can't get. and these 'unnecessary' population consume a very high subsidies every year which could be used for productive works which could have raised GDP to much higher level than the current level

Very pro condom post.

 

[Hello_10]

To all those people who are commenting here.

You are well aware of the natural resources Pakistan has. See them and then see our GDP approximately 200 billion dollars.

We are far behind from the point we should be by now.

West Pakistan was the best part of British India. the most important strategic location, the heavy resources, and the best agriculture land of Punjab and Sindh, a beautiful north west state. even Karachi was in comparison to South Korea by 1950. West Pakistan was a dream country for those who could ask a land anywhere in this world in 1947
but it also means that Pakistan rulers were responsible for the way it has become one of the less successful state of the world

 

[K-Xeroid]

To all those people who are commenting here.

You are well aware of the natural resources Pakistan has. See them and then see our GDP approximately 200 billion dollars.

We are far behind from the point we should be by now.

Ofcourse we are! But considering present situation of the country, State is responsible for all this mis management , Only they have rights of ownership of our national resources, But as we all no our government is not even serious with themselves then how can we expect any seriousness for nation from them. Thats why I said in my previous post.

it shows that not on Government level but on private level our nation is trying hard to get back in compitition. Thats not irony but someone is trying atleast .

 

[Roybot]

http://siteresources.worldbank.org/TRADE/Resources/239070-1336654966193/LPI_2012_rankings.pdf

 

[Zeeshan360]

The thread is about logistics not about rank of economy
They are both two different things but are inter connected

 

[Al Bhatti]

Compare Trucial States (presently UAE) of 40s, 50s and 60s and Pakistan of 40s, 50s and 60s

And now compare the two nations now

http://www.defence.pk/forums/arab-defence/191618-uae-outperforms-us-transport-infrastructure.html

 

[Matrixx]

To all those people who are commenting here.

You are well aware of the natural resources Pakistan has. See them and then see our GDP approximately 200 billion dollars.

We are far behind from the point we should be by now.

As per IMF data
Pakistan GDP in 2010 is $176870 billion
Pakistan GDP in 2011 is $210566 billion

It means Pakistan grew 19% in a year....

That's funny...because we all know Pakistan did not grow more 2-3% last year

 

[Don Jaguar]

West Pakistan was the best part of British India. the most important strategic location, the heavy resources, and the best agriculture land of Punjab and Sindh, a beautiful north west state. even Karachi was in comparison to South Korea by 1950. West Pakistan was a dream country for those who could ask a land anywhere in this world in 1947
but it also means that Pakistan rulers were responsible for the way it has become one of the less successful state of the world

At the time of british we were having only 2 muslim graduates here so what they did was 10,000 times more disastrous than the pakistani rulers. Education is just one thing i can tell you many many things by which british ruined sub continent. But education is the most important one.