Pakistan Institute of Development Economics

Why Businesses Don’t Grow in Pakistan
P & R Vol.1 Issue 3
QR Code’t-grow-in-pakistan.pdf

Why Businesses Don’t Grow in Pakistan (P & R Vol.1 Issue 3)

Publication Year : 2020
Author: Wajid Islam

Business in Pakistan after 20 years of protection and subsidy still remain SMEs by international Standards Local corporates are family owned with a small share on the stock market, hardly any is professionally managed or run Few have innovated in product or process or broken into new markets No country can grow without corporate growth. What are the reasons for this corporate malaise on Pakistan? Pakistan is the 5th largest country by population in the world. According to the World Bank 64% of Pakistan’s population is under the age of 30. The country is full of natural resources, with vibrant population and myriad opportunities . Unfortunately, after 73 years of independence we have not capitalized our resources and population to improve businesses in our country. On the other hand, our regional competitors and other countries have managed to grow very rapidly in a very short span as compared to Pakistan.