Doing business & staying in touch

Doing Business in Pakistan

Image is everything in Pakistan’s modern business society, so dress the part when attending meetings. Men should wear a shirt and tie, and women should avoid wearing skirts. Appointments should be made in advance, but business is done at a leisurely pace so be patient and expect interruptions during a meeting (Pakistanis have an open door policy). Most meetings are held at the office or in the best hotel in town. All Islamic festival days are upheld and are usually days off for celebration. Some businesses create a religious working environment for their employees as part of developing personnel imbued with honesty, loyalty and required sense of duty. So be prepared for regular breaks for prayer time.

Economy

Once a great agricultural land, exporting many kinds of fruit and cotton, the economy has been hit by internal strife and upheaval in the region. A country where power cuts are now the norm, the economy is flagging. The EIU predicts and annual growth of nearly 4% a year until 2018. Inflation is at 9.2% with a moderate growth in GDP. Pakistan stands at 110th in terms of doing business out of amongst 189 economies of the world covered by the World Bank.

GDP

$236.6 billion (2014)

Main exports

Textiles, rice, leather goods, sports goods, carpets and rugs.

Main imports

Petroleum and petroleum products, machinery, plastics, transport equipment and edible oils.
Main trading partners USA, China, United Arab Emirates, India and UK. Keeping in Touch in Pakistan Telephone Interstate calls are half price after 1800, but there are no cheap times for international calls. Whilst phone cards are available, not all PCO (public call offices) booths will accept them, nor will all top-end hotels.

Mobile Phone

Roaming agreements exist with some international mobile phone companies. Coverage is largely limited to main cities. Prepaid SIM cards are available, often with good value starter pack offers.