Pakistan: 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.
Mon-Thurs and Sat 0900-1700; Fri 0900-1230.
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.
$236.6 billion (2014)
Textiles, rice, leather goods, sports goods, carpets and rugs.
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
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.
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.
Internet is available in urban areas where internet cafes can be found, but the service may be erratic. Hotels often charge far higher rates than internet cafes.
Former President Pervez Musharraf’s rule was marked by increased freedom for the print media and liberalisation of broadcasting policies; the state’s monopoly has been diminished by the expansion of private radio and TV stations. In 2005, issued licences for private FM radio stations totalled around 100, but private stations are not allowed to broadcast news. Pakistani censorship, however, remains far more rigorous than in India. The Pakistani Government uses a range of legal and constitutional powers to curb press freedom. The country’s law on blasphemy has been used against journalists. Nevertheless, Pakistan’s print media are among the most outspoken in South Asia. Media rules were tightened in 2007 after an opposition campaign against President Musharraf.