Global Resilience Index: Pakistan Ranks in the bottom 5 countries with abilities to mitigate risk
MG News | May 11, 2017 at 02:46 PM GMT+05:00
Pakistan ranks 125th with a score of 13.1 on the Global Resilience Index, which measures the country’s resilience based on three core factors; economic, risk quality and supply chain. GRI serves as a key tool for businesses to understand how a particular country fares in its efforts to mitigate risks.
The GRI is issued by FM Global, a consultancy which specializes in risk management and currently works with 1/3rd of the Fortune 1000 Companies. Scores are bound on a scale of 0 to 100 with 0 representing the lowest resilience and 100 being the highest resilience.
According to GRI, Pakistan scores 1.6 on its economic score the basis for this score were factors such as; productivity (3), political risk (0), oil intensity (84.8) and urbanization rate (46.6). Pakistan was the only country in the world with a resilience of 0 towards political risk.
The total average of Risk Quality Score was 7.4, the drivers of this score is exposure to natural hazard (2.4), natural hazard risk quality (10.9), fire risk quality (2.6) and inherent cyber risk (61.2).
Pakistan scored a total of 28.9 On Supply Chain Score with drivers being control of corruption (15.7), quality of infrastructure (36.1), local supplier quality (23) and supply chain visibility (48.1).
FM Global is a market research company which categorizes different countries around the world with respect to their mitigation risk abilities.
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