Why Should You Invest in Pakistan?

Pakistan is the 35th largest economy in the world, with a nominal GDP of US$347 billion. Pakistan’s industrial sector accounts for 64% of the country’s GDP. Cotton textiles production and apparel manufacturing are Pakistan’s largest industries. Other significant industries include cement, fertilizer, edible oil, sugar, steel: tobacco, chemicals, machinery, and food processing.

Why Should You Invest in Pakistan?

Pakistan is strategically located to become Asia’s premier trade, energy, and transport corridor. It is also the gateway to the energy-rich Central Asian States, the financially liquid Gulf States, and the economically advanced Far Eastern tigers. Pakistan has a strategic advantage that makes it a market brimming with possibilities. Pakistan’s investment policy has been created to offer a complete framework for fostering an atmosphere that will attract FDI. Liberalization, deregulation, privatization, and facilitation have been the main pillars of Pakistan’s constant policy tendencies.

Labour laws in Pakistan

There are 16 labour laws in Pakistan on which compliance is mandatory and applicable to organizations, commercial establishments, industrial establishments, and factories.

• Employee’s Old Age Benefits Act, 1976
• Provincial Employees Social Security Ordinance (PESS), 1965
• The Industrial And Commercial Employment Ordinance (Standing Orders), 1968
• Punjab Shops And Establishments Ordinance (The Ordinance), 1969
• Workers Children (Education) Ordinance, 1972
• Minimum Wages Ordinance, 1961
• Payment Of Wages Act, 1936
• Companies Profits (Workers Participation) Act, 1968
• The Factories Act, 1934
• Workmen’s Compensation Act, 1923
• West Pakistan Maternity Benefit Ordinance, 1962
• Apprenticeship Ordinance, 1962
• Disabled Persons (Employment And Rehabilitation) Ordinance, 1981
• Workers’ Welfare Fund Ordinance (WWF Ordinance), 1971
• Punjab Industrial Relations Act, 2010
• Industrial Relations Act, 2012

About BIPO

At BIPO, we assist companies in transforming and going digital so they can prosper and achieve their growth goals. We provide a new generation of HR solutions to over 2,800 clients in more than 100 countries and regions worldwide. Our full range of service offerings, including our multi-country payroll calculation, overseas lending services, Business Process Outsourcing (BPIO), and attendance automation, offer clients a multi-regional, integrated, and seamless user experience. Our international R&D centers are the backbone of BIPO’s Workio platforms, offering cutting-edge, adaptable, and creative technology solutions to meet Industry 4.0 requirements. Our multi-country compliance and ISO-27001 certification give businesses the trust and confidence they need to support their international expansion objectives.