Conclusion
These were the 10 main reasons why you should consider investing in Pakistan. Just like in any other market, there can always be risks when investing in an emerging market. The risks, however, can be minimized. Even more, you must have well- planned and detailed actions. For instance, as the first step, make sure that you choose the bestmarket entry strategy when entering Pakistan as it is one of the top contributors to your company’s future success. If you need further…
#8 Increasing inflow of foreign investments.
Unlike many other similar markets, Pakistan is very encouraging towards foreign direct investment (FDI). To attract more FDI, the government has made it easier to start a business here and also offers several investment incentives to foreign investors. Likewise, the government’s efforts are starting to bear fruit as foreign direct investments are slowly booming. Moreover, FDI in Pakistan is expected to grow by 17.2% between 2018-2020.
#6 Emerging middle class
Together with a growing economy, Pakistan’s middle- class is also emerging. Currently, Pakistan’s middle class is estimated to be over 80 million people – a large number considering that is already the population of Germany alone. On top of that, its middle class is expected to even surpass Italy and UK’s in a forecast period between 2016-2021. Source: Bloomberg Additionally, Pakistan has become one of the world’s fastest growing retail markets. In fact, its retail stores are expected to grow up to…
#5 Young and skilled workforce
The median age of the population is 22.7 which makes Pakistan’s workforce very young and the country to gain from demographic dividends for the next decades. Source: populationpyramid.net This young workforce also includes top talents as there are several high-level technical schools in Pakistan, making good quality education attainable to some Pakistanis. In fact, six universities of Pakistan are brought out in the QS World University Rankings and ten others in Asia’s Top University Rankings. University World Rank in 2018…
#4 Competitive labor cost
The minimum wage for the unskilled workers in Pakistan is currently around Rs. 15,000 ($125) per month. These workers are those who lack technical training and expertise. Examples are maids, fast food or grocery workers, and janitors. High skilled workers, on the other hand, have the average monthly wage of Rs. 41,100( $339). These workers have specialized training and a skill- set to perform their duties. For example, technicians, electricians, specialists, etc. Compared to other neighboring countries, such as India…
09.06.2020 Interview with the new ambassador H.E. Ahmad Farooq By Louise Jensen, Press Sec. DPBCouncil
Q: Pakistani Bureau of statistics as last as 2017. In light of the latest COVID 19 pandemic, the country has experienced a massive increase in the unemployment rate which is yet to be declared. A Major opportunity for Danish and Scandinavian companies for investment in Pakistan Answer 1. That’s a very good question. So Covid-19 as we are aware has impacted every country. We face problems of reduction in the size of the economy, the GDP has been affected businesses…
#2 Continuos GDP growth!
Pakistan’s economy has seen a notable GDP growth. As a result, in 2017, the GDP of Pakistan increased by 5.28%, making it one of the fastest growing emerging markets in the world. Their major industries contributing to this growth are textiles, garments, agriculture and construction materials. Moreover, Pakistan is also part of the Next- Eleven (N-11) countries in the world. According to Goldman Sachs Inc., these countries have the potential to become world’s largest economies of the 21st century.
#1 Strategic location
Pakistan, with a total area of nearly 800,000 square kilometers, is the 36th largest country in the world. Its neighboring countries include Iran, India, China, and Afghanistan. Consequently, this makes Pakistan a good location for businesses in sectors such as agriculture and trade. Its location near China and India allows Pakistan to be a key player in regional development. Its access to sea routes is also important for the trading industry. Also, Pakistan has Karachi Port which is situated on the…
10 Reasons Why to Invest in Pakistan!
Pakistan, located in South Asia, is the second biggest market in the region. Above all, low competition and a rapidly growing economy are only some of the benefits to attract interest in foreign investors. However, despite its size, it’s still relatively unknown among foreign companies and investors. Thats why you should be among the innovators. June, 2020