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Pakistan Business Practices Islamic Republic of Pakistan Business Practices Ali Hassan Shahid Ali CONTENTS ➢ Overview of Pakistan ➢ History ➢ Geography ➢ People & society ➢ Government ➢ Economy ➢ Business practices Overview of Pakistan ▪ Official Name: ISLAMIC REPUBLIC OF PAKISTAN ▪ Capital City: ISLAMABAD ▪ Province: 6 ▪ Population: 217,398,737 ▪ Area: 513,120 km2 ▪ Official Language: URDU ▪ Currency: Pak Rupee (PKR) History ➢ The history of the Islamic Republic of Pakistan began on 14 August 1947. ➢ Pakistan government's official chronology started with the Islamic rule over Indian subcontinent by Muhammad bin Qasim which reached its zenith during Mughal Era. ➢ In 1947 Pakistan consisted of West Pakistan (today's Pakistan) and East Pakistan (today's Bangladesh). ➢ The constitution of 1956 made Pakistan an Islamic democratic country. ➢ Pakistan faced a civil war and Indian military intervention in 1971 resulting in the secession of East Pakistan as the new country of Bangladesh. ➢ Pakistan is a nuclear power as well as a declared nuclear-weapon state, having conducted six nuclear tests in response to five nuclear tests of their rival Republic of India in May 1998. ➢ Terrorism due to War of Afghanistan damaged the country's economy and infrastructure to a great extent from 2001-09 but Pakistan is once again developing. ➢ Many economists and think tanks suggested that until 2030 Pakistan become Asian Tiger and CPEC will play an important role in it. Geography Pakistan is a South Asian country shared It’s borders with 4 countries: India, China, Iran, Afghanistan. It has coastlines on the Gulf of Oman and the Arabian Sea. People & Society Religion 96.0% Islam (Official) 1.85% Hinduism 1.5% Christianity 0.6% others ▪ The current population of Pakistan is 217,398,737 as of Friday, April 03, 2020, based on the latest United Nations estimates. ▪ Pakistan population is equivalent to 2.81% of the total world population. ▪ Pakistan ranks number 5 in the list of countries by population. ▪ 34.9 % of the population is urban (75,510,639 people in 2019) ▪ The median age in Pakistan is 22.0 years. Pakistani Food Pakistani cuisine can be characterized by a blend of various regional cooking traditions of the Indian subcontinent, Central Asia as well as elements from its Mughal legacy. BARYANI MUTTON HANDI BUTTER CHICKEN SEEKH KEBAB Biryani is a special meat and Meat has many verities to cook. Butter Chicken is one of the Seekh kebab, which literally rice biryani dish originating This is very popular version of most popular curries at any means kebab on a skewer, are from the Sindh province meaty recipes named mutton Pakistan restaurant around the traditionally made on an of Pakistan. Owing to its handi. You can serve it with roti, world. Aromatic golden chicken outdoor grill over coals that add popularity, it forms one of the naan or paratha. pieces in an incredible creamy as much color as it does flavor most consumed dishes curry sauce. to the kebabs. of Pakistani cuisine and Sindhi cuisine Pakistani Desserts kheer is made of milk, rice, sugar and fragranced with green cardamom, kewra or saffron. Kheer is generally milky in colour and smooth in texture. Sheer khurma is made of milk, vermicelli, sugar, nuts, dry fruit, ghee and fragranced with cardamom, kewra or saffron. Sheer khurma is usually milky golden in colour and can be thin or medium thick depending on the cooking method Halwa is many types of dense, sweet confections. It is very well cooked food ingredient with or without milk, but mostly has a handsome quantity of sugar and ghee. There is a variety of popular halwas in Pakistan. Government حکوم تِ پاکستان The Government of Pakistan is a federal government established by the Constitution of Pakistan as a constituted governing authority of the four provinces of a parliamentary democratic republic, constitutionally called the Islamic Republic of Pakistan. Government State: PAKISTAN Leader: Prime Minister Appointed by: National Assembly Main organ: Cabinet Responsible to: National Assembly of PAKISTAN Headquarters: Prime Minister House, Islamabad, PAKISTAN PM Imran Khan Emblem State emblem of Pakistan. Ribbon vert, backed argent upon which is written in argent the word national motto in the Urdu language. The state emblem of Pakistan was adopted in 1954 and symbolizes Pakistan's ideological foundation, the basis of its economy, its cultural heritage and its guiding principles. Flag The national flag إسﻻمى جمہوریہ of Pakistan lslamic Republic of, پاكستان Paki̱stan was adopted in its present form during a meeting of the Constituent Assembly on August 11, 1947, just three days before the country's independence, when it became the official flag of the Dominion of Pakistan. Overview of Economy After several experiments in economic restructuring, Pakistan currently operates a mixed economy in which state-owned enterprises account for a large portion of gross domestic product. (GDP) GDP CONTRIBUTION BY SECTORS Agricultural Sectory 13% Industrial Sector Services Sector 15% 44% Commodity Producing Sector 28% Gross Domestic Product The GDP in Pakistan was worth 312.57 billion US dollars in 2018. The GDP value of Pakistan represents 0.50 percent of the world economy. GDP in Pakistan averaged 75.28 USD Billion from 1960 until 2018. reaching an all time high of 312.57 USD Billion in 2018 and a record low of 3.71 USD Billion in 1960. Gross Domestic Product per capita The Gross Domestic Product per capita in Pakistan was last recorded at 1196.60 US dollars in 2018. The GDP per Capita in Pakistan is equivalent to 9 percent of the world's average. GDP per capita in Pakistan averaged 705.67 USD from 1960 until 2018, reaching an all time high of 1196.60 USD in 2018 and a record low of 304.20 USD in 1960. Inflation Pakistan’s annual inflation rate increased to 11.63 percent in August of 2019 from 10.34 percent in the previous month Major local companies Name Industry Sector Found Notes Automotive division defunct Adam Motor Company Consumer goods 2003 on 2006, only rehabilitation Automobiles products are manufacturing. Airblue Consumer services Airlines 2003 Private, low-cost airline Tractors, agricultural Al-Ghazi Tractors Commercial vehicles & trucks 1983 equipment, diesel generating Industrials sets manufacturer Cement, energy, fertilizer, financials, power generation, real estate, steelCement, Arif Habib Group Conglomerates Building materials & fixtures 1970 energy, fertilizer, financials, power generation, real estate, steel Bareeze Consumer services Apparel retailers 1985 Fashion retailer CA Sports Consumer goods Personal goods 1958 Sportswear Foreign Investors CHINA PAKISTAN ECONOMIC CORIDORE • Total Investment 62 Billion US dollars • One of the biggest project in South ASIA • Largest direct invest of China in any other counter. • A part of one road Belt & Road Initiative (BRI). • 40 to 70 thousand Chinese engineer's are Working. • CPEC are going to produce 800,000 jobs. • CPEC has already produced 75,000 jobs and the (Special Economic Zones) Five biggest Chinese investments in the Pakistan arm of the Belt and Road Initiative • World Deepest Seaport • Infrastructure. Special Economic Zones ,Roads, Railway, Transportation, Airports, • Energy. • Telecommunication. • Karakoram Highway Saudi Arabia To Build $10 Billion Oil Refinery In Pakistan's Gwadar "Saudi Arabia wants to make Pakistan's economic development stable through establishing an oil refinery and partnership with Pakistan in the China-Pakistan Economic Corridor," Saudi Energy Minister Khalid al-Falih Natural Resources • Coal: Coal reserves are estimated at 175 billion tons. This would equate to 618 billion barrels of crude oil • Oil and Gas: Natural gas production is at a high level in Pakistan. Estimated reserves are 885.3 billion cubic meters • Forestry: Forests are limited to 4% of Pakistan’s land. • Mining: Pakistan has large gold, copper, rock salt, gypsum, limestone, chromite's, iron ore, rock salt, silver, precious stones, gems, marbles, tiles, sulfur, fire clay, and silica sand deposits • Land: About 28% of Pakistan’s total land area is under cultivation. Pakistan boasts one of the largest irrigation systems in the world. • Uranium: Pakistan has a long history of exporting small amounts of uranium • Water: The fishing industry plays a role in the national economy of Pakistan. The coastline is 814km and fishery resources still have room to grow. Fishing in Pakistan is a major source of export earnings. Major Imports and Exports of Pakistan ❑ The economy of Pakistan is the 24th largest in the world in terms of purchasing power parity (PPP). ❑ 42nd largest in terms of nominal gross domestic product. ❑ Giving it a nominal GDP per capita of $1,357 in 2019. Top export destinations are China, Germany, UK, USA, and Afghanistan. Pakistan export 186 products around the world. Pakistan exports the high quality rice to Oman, UAE, Kenya, Thailand, Jordan and many other countries. Pakistan produces the best quality basmati rice. This year Pakistan has exported 2.59 million metric tons of rice in total which has the value of 1.224 billion US$. Pakistan produces 110 kinds of mangoes. Mango is the 2nd largest fruit crop and 2nd major exported fruit in Pakistan. Pakistan mainly exports mangoes to Iran, China, the Middle East, Japan, Hong Kong, and Germany. Pakistan is the 5th largest mango producer in the world. Pakistan export fresh Oranges of the best quality around the world. It has exported 370,000 metric tons of Oranges this year. This is the highest export volume recorded that generated $222 million for the country. Pakistan exports best quality Oranges to Russia, Philippine, Iran, Sri-Lanka, Indonesia, Singapore, Saudi Arabia, Canada, Bangladesh, Malaysia, and the UAE. Cotton Fiber, Spun Cotton, and Raw Cotton are exported as the top cash crop of Pakistan. Pakistan export cotton to China, Germany, USA, UK, France, Russia, Italy, Spain, Canada, Brazil, Australia, Netherlands and many other countries. country exported about 332,325 metric tons of cotton yarn worth $859.716 million during the same 8 month period and also exported textile products worth of $8.793 billion Pakistan has 3600 firms, more than 150,000 workers engaged in manufacturing of Surgical Instruments of the highest quality for export.
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