Pakistan Institute of Development Economics

What impedes our private sector
Publication Year : 2021
Author: Karim Khan

Private sector, comprising corporate sector and the individual enterprises, plays a large part in the development of an economy. With the recent focus on growth, Pakistan has the potential for much faster and more diversified economic growth, provided that the private sector comes forward and takes the lead. This presumption can only be realised if we could create a functional market structure, with a thriving and competitive private sector. Alternatively, in order to turn private sector into an engine of growth, we have to provide an enabling environment for businesses by improving regulatory framework, reducing infrastructure deficit, and creating competition in the market.

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