Why Aren't Pakistani Companies Targeting International Markets? I EconFest

Essential Steps for Pakistani Companies to Compete Globally
Unlike the rest of the world where companies grow larger with time, in Pakistan companies tend to grow smaller. Furthermore, Pakistan based firms do not flourish due to the non-conducive environment for businesses including regulatory framework, policy uncertainty and an overall economic Misgovernance.
- Why Pakistani companies are so stunted? We have hardly any Billion Dollar Companies. Internationally Billion Dollar companies are SMEs. Can we grow without growing companies?
- Most of the companies are “seth companies”. Pakistanis hate to professionalize their management. Similarly, they do not like to be listed on the stock exchange.
- Family control also means that at the time of inheritance, most companies split up among the next generation thereby reducing the chances for growth.
PIDE recommends that companies be given incentives to professionalize and list on the stock exchange and grow.
Why do companies in Pakistan not target foreign markets? Most of the companies are not exporters. Large houses have always been incentivized by policy to remain in the domestic market, either through protection, or through given opportunities such as IPPs, privatization, subsidies etc.
PIDE recommends that government give incentives to companies based on their performance in exports.
- What are the major areas where companies in Pakistan lag behind global
competitors?
- Why is there no R&D and innovation from Pakistan based firms and businesses to make their product or service unique in the global market?
- Most of the companies do not focus on developing a brand name with a known product. That is why they do not need R&D. For this reason, they also do not need any local research or any local university which is also depressing our thought and research industry.
- What are the regulatory hurdles preventing the companies from operating outside Pakistan and targeting foreign markets?
Exchange controls prevent Pakistani firms from expanding overseas. Is this a good thing?
Panelist:
SHAHID HAFIZ KARDAR
Former Governor, State Bank of Pakistan
AHSAN BAKHTAWRI
President Islamabad Chamber of Commerce & Industries
NADEEM UL HAQUE
Vice Chancellor, Pakistan Institute of Development Economics
KHALID SIDDIQUI
Bank Alfalah
Mohammad Shaaf Najib (Moderator)
Research Fellow, Pakistan Institute of Development Economics
For Further Details Please Visit:
@PIDEOfficial
www.pide.org.pk
/ pidepk
/ pideislamabad
/ pidepk
/ pidepk

[@aadilhingorjo2400]

Seriousness of the panelists is they don't bother to note down the questions. They're only obsessed with incessant talking on their own.

[@tempuser109]

As Shabbar Zaidi said "DUKAAN BAND KARDO" disintegrate into Punjab, Sindh , Balochistan and merge KPK with Afghanistan

[@GuzzarAwan]

O Bhai agar ye saare alag ho gaye tou Punjab ko resources kahaa se milengi . Punjabi to kheti karney ko chor aur kuch jaande hi nhi. Baaki sabkuch to dusarey provinces ko lootkar hi aataa ha punjab me . Barresagir ke sabse Padhey likhey aur civilised Qaum jo Mughaliya daur ke huqmaran they unhoney karachi ko kamau poot banaa diaa h. Lekin Punjabi apni foj banakar Beth gya ha aur karachi ke saare taxes loot kar le jaataa h. Ye PIDE ki salary bhi muhazir ki pet kaatkar Punjabi le jataa hai

[@masterstroke7163]

The root cause of Pakistan's industries not growing is population explosion. The day Pakistan comes out of "Hum 5 (1 + 4) aur hamare 60" mental attitude, Pakistani conglomerates will keep on dividing within the family rather than working as a family.

[@divyanshsh]

Bangladesh managed to achieve this

[@1979jlr]

Market capitalization of HDFC Bank (HDB) Market cap: $153.81 Billion

[@RaguRaghupathi]

The guy in the center - must be an important guy - is looking at his phone all the time! Disrespect to the fellow panelists! Shame on him!

[@drajayatri]

Probably he is VC of PIDE.

[@AsB5574]

Serious question, how many companies in Pak since 1947, have Debt Equity zero, past 5 yrs RoE +20%, RoCE + 30%, Paying dividend min 100% past 10 yrs, Bonus min 1:1 issued every 5-10 yrs, Cashflow +ve in Balance Sheet ?

[@user-ph3lh8bf5e]

There should be credible panelists like Ehsan Malik,Haroon Shareef, somebody from unilever and Interloop

[@basitullahkhan9943]

why Qaiser Bengali is not invited ever?

[@AsB5574]

Very basic -Mindset issue; avg pakistani biz person is high on dopamine and avg on capability, pak is precious & center of the world and everyone should service them. Easy money guys.

[@masroorkhalil9655]

first of all energy crises of pak has to solved and only two taxes keee sewaa or koi bheee tax naaa lagge buisnesses kee upar or islam based interest freee economy hooo tab jakee buisness grow hoongee

[@zarimughalrose353]

Mian Muhammad mansha ......

[@ramacvr12]

If you use Urdu for everything rest of the world won’t have much use for you.

[@masroorkhalil9655]

zyaadaa baatein maat chodu urdu has no buisness with growth---------

[@Slayer123-g6v]

Pakistan mein kitna billion dollar valued companies hein 3 ya 4 usmein bhi 3 toh SOE hein PSX mcap is $38bil while India $5000bil +

[@divyanshsh]

37:50 (i am Indian) but this is a good point ☝🏼 to be noted

[@TanujAbhayKhanna]

Oye koi masla nahi Oye. SIFC ke 100 billion pakistan ke godam main pade hue hain. Uganda, Rwanda, Tuvalu, Palao, Phalasteen, Israel sab haath jod ke keh rahe hain pakistan ko ki humse bhi 25-25 billion dollar le lo. Ab to pakistan ki naaliyon main dollar bahenge Oye!!!!!

[@bestofsatish]

All the guest are finding excuse and wrong reason. Lack of capital is BS. Does Pakistan have capability to put the capital for productive purpose?. Another is saying trade with neighbors. India does not trade with the neighbors. They trade with ME, SE Asia, US, china and Europe. The real issue is over consumption and no focus on productive activities. They borrow dollars and pay hefty salaries to govt employees and these employees consume all resources with any productive activity

[@munawarahmadmajoka3736]

Moral standards of society also matter. سچ تو بولتا کوئ نہیں

[@tempuser109]

Accept Hinduism as your true religion and we will give you 200 billion dollars

[@saadahmad8829]

okay give me your sister 200 RS. I think it would be enough for you

[@anjan67]

I wouldn’t trust them or give them one rupee!!

[@shashwattripathi4559]

Apni jeb se dena. Mere diye hue tax ko haath mat lagana

[@GuzzarAwan]

Khataney ka chilkaa zindagi me ek baar kaatkar faink dete hai . Wo wapis nahi AA sakda. Ye screen par jitney baithey hai kya ye apni incomplete lulli complete karwaa sakde ha ?? Mujhey to lagtaa h science me bhi ye possible nhi h. Aur islam me mard ko behatareen sahulate hain tum log to jaat paat murti puja aur dusarey dhong me fase huey ho. Khud ko sudharo pehley . Islam me mard 4 bibiya rakh saktaa ha

[@Health-Blitz]

We Will not Even Give them 10 Rupees Because of People Like You Mughals Conquered North India

[@tempuser109]

JAI SHRI RAM