Pakistan has been ranked 5th in the world’s banking efficiency index, while it stood among the top 25 countries in terms of foreign direct investment and foreign labour as per the world competitive report compiled by the World Economic Forum, Switzerland .

This was stated by Sushant Rao, director and head of South Asia of the World Economic Forum (WEF).

He was speaking at the 11th management convention organised by the Management Association of Pakistan here on Wednesday.