India Pakistan Trade Unit India Pakistan Trade Unit Support for UK Trade
The time in India, Pakistan, Sri Lanka and Bangladesh

India:

Pakistan:

Sri Lanka:

Bangladesh:

United Kingdom(GMT):



  
  


Become a member of India Pakistan Trade Unit

Visa for India, Visa for Pakistan, Visa for Sri Lanka and Visa for Bangladesh

Indian Events & trade missions, Pakistan Events, Sri Lanka Events, Bangladesh Events

Maps of India, Pakistan, Sri Lanka, Bangladesh and the United Kingdom

EU Logo

UKTI Logo

Birmingham Chamber of Commerce and Industry

Pakistan

Business and Professional Services Sector Review

 

Definition and scale of sector

  • Legal, accountancy,
  • Market research,
  • Management consultancy,
  • General business services,
  • Advertising,
  • General research

Why the sector was chosen in the West Midlands

  • Significant forecast employment growth centred on Birmingham City Centre.
  • Need for an adequate supply of skilled workers.
  • Focus on specialist activity such as intellectual property rights and construction

Sub Menu 

 

Pakistan's Economic Snapshot - March 2013

Pakistan’s economy continues to confound analysts. In spite of all doomsday scenarios the economy stays afloat—buoyed by robustly continuing remittances from abroad, a massive informal economy and a consumption oriented society. The Stock Exchanges, especially the Karachi Stock Exchange, have been performing well and the Equity and Real Estate sectors are showing signs of improvement. Is Pakistan in an economic recession? In a developing economy a 2% or less GDP growth rate is considered zero growth because of the population factor. Pakistan registered 3.7 % growth in year 2011-2012. Though Pakistan is unlikely to meet the target of 4.3% in the current year yet World Bank, IMF and ADB estimates are 3.8%, 3.5% and 3.7% respectively.Pakistan’s economic trajectory over the last five years and its current state should be a cause for serious concern. Pakistan may be far from the tipping point that triggers panic, flight of capital and a free falling exchange rate but this could become reality if timely steps to arrest the current negative trends are not taken. In anticipation of 2014 the real estate prices in Afghanistan have been falling with corresponding increases in Peshawar, Islamabad and Lahore—this trend and its impact need a separate analysis. What is clear is the fact that the legacy that this government will leave for its successor will include unsustainable budget and balance of payment deficits, depleted foreign exchange reserves, massive domestic and foreign debt, falling domestic and foreign investment, a serious energy crisis and private sector enterprises (PSE’s) that are not only in shambles but are a serious drain on national resources and a blot on the country’s image---PIA is one example.
The unavoidable conclusion is that Pakistan will have to go to the IMF for a bailout package and this may have to be done by the interim government. IMF will have its conditions but more significantly is likely to insist on political consensus on those conditions to make sure that the next government does not back out of the commitments. The US$ 2 billion in Coalition Support Funds (CSF) have helped sustain expenses so far but there is likely to be a balance of payment crisis in the latter half of 2013 because of reduced capital inflows, rising debt and declining reserves. The IMF would want Pakistan to change its reform-averse image and pull out of the policy paralysis induced by political instability and a dangerous internal security situation. Pakistan, right now, has a weak investment climate, widening infrastructure gaps, sovereign creditworthiness concerns, large fiscal deficits, a declining industrial and agriculture sector because of energy shortfalls, rising inflation, negative production capacity, macroeconomic challenges and a very serious internal security situation. This has to be seen against a GDP growth rate of 6-7% in the period 2003-2007 and the fact that investment has reduced by one third in the period 2008-2012. On the positive side there has been a marginal pick-up in industrial output, a slight rise in exports and migrant remittances remain strong.

Source: Spearhead Research Analysis

FOR THE FULL REPORT PLEASE CLICK HERE

 

Education Sector Report - September 2009

Pakistan's education sector consists of more than 150,000 public education institutions serving over 21 million students. The private sector caters to another 12 million and with 60% population under 30, this presents huge opportunities for British Companies in the Vocational Education and Corporate Training. Opportunities also exist for collaborations and joint ventures within both the Private and Public Sector.
The Education system in Pakistan is undergoing major reforms as the country seeks to align national needs and international standards. Education is one of the emerging needs facing the country. The government is aware that the education system at all levels must modernise rapidly to keep pace with the rising population and the government's own ambitious plans for Pakistan to become a more modern and competitive economy with 100% literacy Rates by 2015.
While new technology gives rise to improved communications systems and business growth, the literacy rate is one of the lowest in the world and educational facilities are sorely deficient. Political instability since independence has been a factor in holding back the capacity of the education system to respond effectively in achieving this goal. Factors contributing to this lethargy are less than three percent of GDP is spent on education, average student-teacher ratio in public schools is frequently in excess of 40-1, learning has traditionally been by rote as opposed to use of modern methods which encourage creative and critical thinking. Teachers work in a less competitive environment and often hired for their availability and political push rather than for their proficiency and experience.

Source: UK Trade & Investment (UKTI)

FOR THE FULL REPORT PLEASE CLICK HERE

 

Education - Sector Report from UKTI - February 2008

Pakistan is a rapidly developing country that boasts the world's sixth largest population. While new technology gives rise to improved communications systems and business growth, the literacy rate is one of the lowest in the world and educational facilities are sorely deficient.

Education is one of the emerging needs facing the country. Four percent of GDP is spent on education. Average student-teacher ratio in public schools is frequently in excess of 40-1. Teachers work in a less competitive environment and often hired for their availability and political push rather than for their proficiency and experience.

The Ministry of Education is responsible for formal and informal education in Pakistan. The Education departments in the provinces control the administration of primary to college level education, while the Higher Education Commission takes up matters related to higher education at the universities. Universities have their own curricula and examination system.

The Governments mandate is to strengthen the educational infrastructure by training teachers, administrators, create awareness in low income households, emphasising on teaching children to read at an early age, aim to raise the literacy rate, improve overall educational standards, help alleviate poverty and to build a knowledge based society.

Source: UK Trade & Investment

FOR THE FULL REPORT PLEASE CLICK HERE

 

Financial, legal services & PPP - A Report from UKTI - January 2008

Pakistan's economic performance in the last few years has been unprecedented, with the 5- year real GDP growth averaging at 7 percent. During this period of economic transformation, the financial sector has evolved into a more progressive and dynamic module of the economy, both in response to the ongoing financial sector reforms and to the mounting financing needs of a rapidly expanding economy. Predominantly bank-based in performing its basic function of financial intermediation, it also includes a wide range of financial institutions operating as Non-Bank Financial Institutions (NBFIs), Insurance companies, Micro finance banks, Islamic banks and the Central directorate of national savings (CDNS), in addition to swiftly evolving financial markets. Financial sector assets amounted to Rs 6.9 trillion at end June 2007, whereas market capitalisation of the Karachi stock exchange grew by 38 percent in FY07 to reach 46 percent of GDP. Strong economic fundamentals and structural transformation of the financial sector due to the dedicated implementation of the reform process were the major contributing factors in the current composition of the financial sector and its growth in recent years. Furthermore, in response to the growing demands of financial globalisation, the financial system is starting to integrate with international financial markets, albeit at a gradual pace. Financial integration was particularly expedited in FY07 in which record high foreign portfolio investment was made in equity securities, both through the issuance of Global Depository receipts (GDRs) and in the stock market.

Source: UK Trade & Investment

FOR THE FULL REPORT PLEASE CLICK HERE
 

Economic Performance 2006-07: An Update

Pakistan's economy continues to gain traction as it experiences the longest spell of its strongest growth in years. The outcomes of the recently concluded fiscal year indicate that Pakistan's upbeat economic momentum remains on track. Economic growth accelerates to 7.0 percent in 2006-07 at the back of robust growth in agriculture, manufacturing and services. Economic growth has been notably stable and resilient.

With economic growth at 7.0 percent in 2006-07, Pakistan's real GDP has grown at an average rate of 7.0 percent per annum during the last five years (2003-07) and over 7.5 percent in the last four year (2004-07) in running. Compared with other emerging economies in Asia, this puts Pakistan as one of the fastest growing economies in the region along with China, India, and Vietnam. The good performance has resulted from a combination of generally sound economic policies, on-going structural reforms and a benign international economic environment. Based on the performance of half-a-decade of strong, stable, resilient and broad-based economic growth it appears that Pakistan's economy will continue to be a high mean, low variance economy over the medium-term.

Source: Goverment of Pakistan - Finance Division

FOR THE FULL REPORT PLEASE CLICK HERE

 

Overview of the Economy - Pakistani Ministry of Finance - 2006/07 - December 2007

Pakistan's economy continues to gain traction as it experiences the longest spell of its strongest growth in years. The outcomes of the outgoing fiscal year indicate that Pakistan's upbeat economic momentum remains on track. Economic growth accelerates to 7.0 percent in 2006-07 at the back of robust growth in agriculture, manufacturing and services. Pakistan's growth performance over the last five years has been striking. Average real GDP growth during 2003-07 was the best performance since many decades, and it now seems that Pakistan has decisively broken out of the low growth rut that it was in for more than one decade. Economic growth has been notably stable and resilient. With economic growth at 7.0 percent in 2006-07, Pakistan's real GDP has grown at an average rate of 7.0 percent per annum during the last five years (2003-07) and over 7.5 percent in the last four year (2004-07) in running. Compared with other emerging economies in Asia, this puts Pakistan as one of the fastest growing economies in the region along with China, India, and Vietnam. The good performance has resulted from a combination of generally sound economic policies, on-going structural reforms and a benign international economic environment. Based on the performance of half-a-decade of strong, stable, resilient and broad-based economic growth it appears that Pakistan's economy will continue to be a high mean, low variance economy over the medium-term.

Source: Pakistan Gorvenment - Ministry of Finance

FOR THE FULL REPORT PLEASE CLICK HERE

 

Investment trend and Sector analysis:  Bangladesh, Pakistan, and Sri Lanka - November 2006

The impact of Foreign Direct Investment (FDI) can be examined by using different parameters such as capital formation, backward linkages, employment, technology transfer, market access and knowledge spillovers. FDI is increasingly becoming a preferred form of capital flows to developing countries in recent years.

The analysis shows that although the impact was found mixed, Bangladesh's performance was on the positive side. As in major emerging economies such as India and China, it appears that even in the case of Pakistan there exists a direct and positive relationship between FDI and Economic Growth. The Sri Lanka economy has undergone fundamental changes with its per capita nominal income rising from US$ 719 in 1995 to US$ 1,197 in 2005.

Source: Commonwealth Business Council and SAARC Chamber of Commerce and Industry

FOR THE FULL REPORT PLEASE CLICK HERE

 

Budget & Trade Policy 2006-07 - July 2006

National Assembly rejected opposition challenge that the Finance Bill is not fit to be treated as a money bill and neither it is pro-rich and antipoor.

The opposition had objected to several bill clauses such as those seeking 'anti-worker' changes in labour laws and appointment of special price control magistrates by amending the Criminal Procedure Code (CrPC). Most of them branded the Budget pro-rich and anti-poor. The 36 recommendations made by the Senate but a few were accommodated in the Finance Bill.

Source: Industrial Advisory Report - IAR

FOR THE FULL REPORT PLEASE CLICK HERE

 

 

 

Top of page Back to top of the page

Regions

India Pakistan Sri Lanka Bangladesh UK

Indian News, Pakistan News, Sri Lanka News, Bangladesh News

India:Rupee gains 20 paise vs dollar; Sensex up 126 points.

 

Pakistan:Pakistan welcomes IMF $6.7bn lifeline


Sri Lanka:LankaClear posts Rs 189 m PAT

 

Bangladesh:GDP growth rises to 6.18pc, per capita income $ 1044 

Text Only Email IPTU+44(0) 121 450 4250 India Pakistan Trade Unit Terms
Copyright ©2008 India Pakistan Trade Unit. All Rights Reserved.  Web design by Websynergi