I’m still at Kaula Lumpur .Attended the first day of the Economic Freedom Network Conference. The conference will conclude tomorrow.
There are a number of interesting things being discussed here but I’ll get to those later. What was more interesting was that the 2006 Economic Freedom of the World Report was launched here today.
This report studies data from 130 countries under five heads and gives them a rank according to the degree of economic freedom . There are only two such indices. One is this one published by the Fraser Institute ,Canada and the other is done by the Heritage Foundation. The five areas that it looks at are :
- Size of government
- Legal structure
- Access to sound money
- Freedom to exchange with foreigners
- Regulation of credit, labor and business.
I don’t know if I can say how Pakistan fared.
It improved slightly on the rule of law from last year but it is still looks sad… a rank of 2.3 .On Freedom to Trade , the score remained the same.
So why am I not labelling it bad ?
Well because data shows that there has been quite an improvement in the tax structure and starting a new business is far easier today. So there is some good news. Ofcourse on other rankings like legal structures and framework Pakistan needs to do more.
And oh … I was ashamed to hear Robert Lawson , the guy behind the report say ,“ The black market rate has disappeared from most of the world except Pakistan and Mongloia.”
Pakistan has more to offer than a black market. So why are’nt we offering?
Posted by theindividual
Posted by theindividual
Posted by theindividual 

Out with the old.. in with the new
September 17, 2006I’m finally back home. I ‘ve been travelling within Pakistan and outside for more than a month now. The latest trips were to Taiwan and Malaysia . Its fun to travel and meet interesting people but good to be home. I finally get to have a closet and not a suitcase . Ahem.. this is ofcourse not to suggest that I live “within a closet” back home!
For my trips to Taiwan and Malaysia, my flights were through Bangkok. The Thais are getting a new airport ,Suvanabhumi airport at the end of the month. The new airport is certainly the focus of attention … at the cost of the old one.
The cooling at the old airport is pathetic now. The bathrooms have become dirty as most of the cleaning staff is engaged at the new airport. My favourite place at Bangkok airport, the Bangkok Cafe, has also partially shifted there. In short, the transit this time at Bangkok was’nt fun.
But guess that was to be expected. Speaking of new airports, what ever happened to the new Islamabad airport ? Has the land been acquired for it ? What’s the latest ?