Invest in Pakistan—Don’t miss the Boat
“Pakistan has a lot of potential”
How many times have we heard the aforementioned statement? Countless times right. In spite of that, investors have generally shied away from investing their money in the country.
In all fairness you couldn’t really blame them. The country has gone through its fair share of ups and downs both economically and politically.
However, in the last few years the conditions of the country have drastically improved.A lot of that has to do with initiatives like CPEC.
China Pakistan Economic Corridor
CPEC is an extension of the ‘One belt one road’ strategy that had been developed by the Chinese government. It connects Kashgar city with Gwadar Deep Sea Port through highways, pipelines and railways.
As a part of the initiative, several infrastructure projects are currently being developed in Pakistan. This has generated remarkable business for local companies.
In addition to that, a fully functioning Gwadar port will also connect Pakistan with the most commercially important regions in the world.
Even according to conservative estimates, there will be an inflow of more than $100 billion in Pakistan which will subsequently lead to creation of new employment opportunities in the country.
This information alone should highlight the benefits of investing in Pakistan. However, if you’re still not convinced, we have a wide range of additional reasons because of which you should invest in Pakistan. Let’s take a look at some of these reasons:
Reasonable Labor Costs
In Pakistan, an unskilled worker earns at least PKR 15,000. That’s equivalent to $125. This amount is significantly lower than the money that an unskilled worker earns in a country like China ($348) and India ($160). Furthermore, these costs are competitive and that is a huge advantage in labor intensive industries.
The Rapidly Growing Middle Class
So here is a staggering fact for you. Around 80 million people in Pakistan are part of the middle class. That’s equal to the entire population of Germany!
The middle class have high purchasing power and are the main reason because of which the retail market in Pakistan has grown rapidly over the years. In fact, Euromonitor states that retail stores in Pakistan will increase by 50%.
Youth Bulge and Women Empowerment
At the present, Pakistan is experiencing a youth bulge. As a result, the labor market is also rapidly expanding. Furthermore, in the last few years, more women have started entering the market.
Women in Pakistan are choosing to marry late and are more focused on acquiring education. Many of them are choosing careers in engineering and medicine and are outperforming their male counterparts.
The legal and regulatory bodies within the country are also working towards improving the business environment. The goal is to ensure transparency in business dealings since in the past there have been several cases where people have evaded taxes through financial malpractices.
All of the aforementioned information gives you an idea regarding the potential that the country has. If you are a businessman and are looking for investment opportunities than you need to look no further than your own country.
Pakistan day is just around the corner and it’s the perfect time for you to give back to your motherland. Always remember, you reap what you sow. Invest now in the country and prosper with it.