A GLOBAL COUNTRY PROJECT REPORT ON OVERVIEW OF ECONOMIC SECTOR IN PAKISTAN

(As a partial of fulfillment of the Master of Business Administration Program)

Submitted to
MBA Department L.D.R.P. Institute of Technology and Research, Gandhinagar (Affiliated to Gujarat Technological University, Ahmedabad)

Under the Guidance of Dr. Pooja Sharma Milan Kapoor Mihir Vora Harsh Rathod

Submitted by 117320592032 117320592033 117320592034 117320592035 117320592036 117320592037

Rajnikant Jadav Rutvi Joshi Vivek Goswami

MBA-SEM III & IV

LDRP-Institute of Technology and Research, Gandhinagar MBA Department Batch (2011-13)

DECLARATION BY THE STUDENT

We hereby declare that this project report entitled Overview of Economic Sector in Pakistan has been written and prepared by us under guidance and supervision of Prof. Pooja Sharma in requirement for the fulfillment of Master of business administration. We also declare that this project is the result of our own efforts and had not been presented to any other university or institution for the award of degree.

Date: Place: -Gandhinagar

PREFACE
In the preparation of this Global Country Project Report, we have tried to cover the principal aspects that regulate businesses in Pakistan, using, for this purpose, a language accessible to potential investors and business managers. We are aware that it is not easy to synthesize in a Global County Project Report of this nature all the legal, accounting, auditing, tax and labour rules/requirements that regulate Economic Sector in Pakistan. However, if we have achieved our goal, contributing, by this way, to business development in Pakistan. We tried to gather all the list of the Companies that are in operation with which Pakistan has a Bilateral Investment Agreements, Employment Regulations, Labour Laws, Business Visa and Work Permit, Economic situation etc. We had also gathered the information about Setting up the Economic Sectors in Pakistan, what is the license agreements that are needed to set up the business in Pakistan. The Global Country Project Report is designed to give some general information to those contemplating doing business in Pakistan, and is not intended to be a comprehensive document. Furthermore, its updating process is annual. Therefore, the users should consult us before taking any decision on the basis of information contains in this Project Report.

ACKNOWLEDGEMENT
The completion of any task depends upon the co-operation, coordination and consolidated efforts of several resources of knowledge, energy time and above all the proper guidance of the experienced. Therefore we approached this matter of acknowledgement through these lines trying our best to give full credit where it deserves.

We feel great pleasure in expressing our deep sense of gratitude towards Gujarat Technological University for giving us the privilege to undertake this country project.

Further we extend this gratitude to our project guide Dr. Pooja Sharma who have provided us an excellent guidance whenever needed and her general interest and assistance has made this project a success.

We gratefully acknowledge our sincere thanks to L.D.R.P. MBA college, Gandhinagar, without ,it is not possible to undertake this project, also make humble gratitude to all those who have helped us at any point of our project.

We extend our gratitude to our friends who have provided us guidance and help us whenever needed. MILAN KAPOOR MIHIRVORA HARSH RATHOD RAJNIKANAT JADAV RUTVI JOSHI VIVEK GOSWAMI (117320592032) (117320592033) (117320592034) (117320592035) (117320592036) (117320592037)

EXECUTIVE SUMMARY
Executive summary is a term used in business for a short document that summarizes a longer report, proposal or group of related reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It will usually contain a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. It is intended as an aid to decision making by business managers.

An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts are extensively used in academic research where the concept of the executive summary would be meaningless.

In this global country report we are trying to study about the economic sectors of Pakistan. In this we covered total overview of the Pakistan in that location, demographics, international time schedule, what is the currency using in Pakistan, legal system, economic arrangement etc.

In the sectors we find education rate of Pakistan, transportation & communication, manufacturing system of Pakistan, fiscal development etc. Apart from that we study about the monetary policy, employment regulations, trade and payments equity and capital market, inflation rate etc.

TABLE OF CONTENTS

Sr.No. I. II. III. 1. 2.

SubSr. No. Preface Acknowledgement Executive summary

Particulars

Page No i. ii. iii.

Introduction of the topic Country Overview 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 Location of Pakistan. Population Demographics. International Time. Language. Currency. The Constitution and Legal System. Highlights of the Economy. Economic Arrangements. Growth and Stabilization 3.1 Some important Points Education Money and Credit

3.

4. 5.

5.1 6. 7. 7.1 7.2

Recent Monetary and Credit Development Transportation & Communication Large Scale Manufacturing Some important Points Textile: An Important Part Of Large Scale Manufacturing

7.3 7.4 7.5 8. 8.1 8.2 8.3 8.4 9. 10. 10.1 10.2 10.3 11. 12.

Automobile Industry PakistanAutomotive Manufactures Association Objective Fiscal Development Fiscal Policy Developments Revenue Measures FBR Tax Collection Fiscal Performance: July-March, 2011-12 Energy Agriculture Introduction Modernization should be adopted in Agriculture.. Agriculture Inflation Of Pakistan Monetary policy

13. 13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 14. 15. 15.1 15.2 16. 17

Employment Regulations Labour Policy Child Labour Minimum wages Employees Social Security Ordinance, 1965 Workers Welfare Fund Ordinance, 1971 Companies Profit (Workers Participation) Act, 1968 Employees Old Age Benefits Act, 1976 List of other important labour laws Trade & Payments Capital Market Pakistan Equity Markets Capital Market Developments Conclusion Bibliography