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…
There are challenges like political instability or poor quality of infrastructure which have also kept the competition in Pakistan low. However, Pakistan has a unique combination of a huge and rapidly growing population and economy and government’s active involvement in lowering entry barriers to foreign investors. This does not mean that building a successful company in Pakistan is easy, far from that. Now may just be the golden opportunity to get here before your competitors do.
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.
Even more, the government recognizes the importance of improving and expanding infrastructure services in Pakistan. This sustains both economic and social development. To create better conditions for businesses in Pakistan, the government is actively focusing on eliminating gaps in infrastructure. For example, by encouraging the Public Private Partnership (PPP) which involves the maintenance and financing of different infrastructure sectors such as Mass Urban Public Transport, Transport and Logistics, Industrial, and Social Projects. Pakistan is also a part of the China-Pakistan…
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…
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…
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…
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…
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.