Pakistan – The Regional Business Hub
Pakistan – the land of numerous unexplored opportunities has recently earned a good name in the international market for being a vibrant and progressive developing country in the world. The Government of Pakistan has adopted a liberal investment policy to attract maximum foreign investment, where foreign investors can hold up to 100% equity in several economic sectors. As a result, the foreign direct investment in the Country has increased substantially over the past few years, thus differentiating Pakistan from many other countries of the region. Also, the vital indicators of Pakistan’s economy have shown extra-ordinary improvement such as enhanced GDP and GNP, increased foreign exchange reserves, skyrocketing stock market performance, stable Pakistani currency and improved balance of payments. Per capita income has crossed US$ 1254.
Pakistan’s economy is gaining more strength with each passing year, underpinned by a buoyant private sector. The world is witnessing the real GDP of Pakistan maintaining a steady growth at one of the fastest rates in the history of the Country and among the highest in the economies of the world. The international trade is increasing owing to revolutionary changes in tariff structures, better international relations and growing domestic demands, both at the industrial as well as consumer levels. The foreign exchange reserves are maintained at a respectable level. Major investments are underway in Engineering sector, ports and communication infrastructure, telecommunication, information technologies, developing newer sources of energy and power generation to meet the increasing demands.
Current pace of development in Pakistan is no miracle but result of a dedicated and continuous effort by Government of Pakistan through implementing policies for deregulation, liberalization & privatization.