Fastest Growing Industries in Pakistan

 

Investors all around the world have their eyes on Pakistan's fluctuating economy. The expectation is that soon Pakistan would become an economically stable country. Because Pakistan has started a fast pace CPEC development with China on its land. This has many investors on the edges. CPEC's expansion alone has positively affected the growth of Corporate sector of Pakistan. We want to show you a list of industries that are flourishing during this process. The list of these industries follows no particular orders.

 



Automotive Industry

A massive Pakistani workforce is working in several automotive manufacturing and assembling plants within Pakistan. Even after subjected to multiple nationalizations and privatizations, the industry is growing. The development of infrastructure through CPEC is benefitting this industry. One of the perspectives is that Pakistan has cheap labor force availability. So, China will establish several assembling plants here in the future.

 



 

Real Estate and Construction Industry

Both industries are quite different in their operations. But their raw material is the same — land. The rising population and economic uncertainty are motivating people to buy houses. It is facilitating the construction industry along with the real estate industry. The construction industry experienced its boom because of CPEC as well. Whereas the current real estate trends have intrigued people about the industry. Now more people want to enter in the industry to make profits.

 




 

Petroleum Industry

When talking about the automotive industry, we can't forget the petroleum industry. The industries operate complementary to each other. Pakistan has yet not tested itself in electrically automobile development. It means transportation in Pakistan has to rely on petroleum fuels. Pakistan has many discovered and undiscovered petroleum reserves. Pakistan is planning to mine these undiscovered reserves.

 



 

Chemical Fertilizers Industry

Pakistan, being primarily an agricultural country, uses millions of tons of fertilizers each year. The demand for fertilizers in Pakistan has always been high to support agricultural production. Several competitors are entering the chemical fertilizer industry. So it is expected that the industry will grow considerably. 




 

Textile Industry

When talking about fast-growing industries, let's not forget the textile industry. Pakistan produces tons of cotton each year. The richness of Pakistani culture adds the final icing to the cake. The demand for beautiful dresses by both genders have escalated the industry. The Pakistani textile designers are now exploring international ventures.

 



 

Fast Moving Consumer Good Industry (FMCG)


These are the goods that need to be sold directly to the consumers due to their limited shelf life. The consumption of FMCG products like milk, bread, cigarette, etc., has always been high. The entrepreneurs found a money-making possibility in this industry. So they started directing their investments in this industry. FMCG is turning out be one of the profitable businesses in Pakistan.




 

Information and Communication Technology Industry (ICT)

Due to numerous laws and regulations, the industry was regressive. In this sector, the PTCL monopoly restricted competition. However, deregulation has contributed to the constructive industrial movement.





 

 In conclusion, Pakistan had been lagging economically because of political instability and changing economic policies. But the recent years have been a fresh breeze to Pakistan's economy. Several industries took off during this period. If you want to know more, check out What is the most profitable business in Pakistan?

 

 

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