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The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. [1]
The Corporate sector of Pakistan (otherwise attributed as the Corporatization; or/ simply referred to as the Pakistan Inc.) is an elite business sector expanded in financial cities of Pakistan, and a policy measure programme in the economic period of Pakistan.
NIP is a public-private partnership established to develop focused industrial growth in Pakistan by developing world-class industrial parks all over the country. [5] The company was envisioned as a public-private hybrid. While it is a subsidiary of the PIDC, about 75% of its board members are from the private sector. [6]
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
The momentum and demands for denationalisation gained currency towards the end of the government of Prime minister Zulfikar Ali Bhutto and Pakistan Peoples Party who under intensified their nationalisation programme had effectively the government-ownership management in the private industries of Pakistan; it had built a strong public-sector with priority on cement, steel and fertilizers. [8]
Status: P=Private, S=State; A=Active, D=Defunct; Name Industry Sector Headquarters Founded Notes Status A. F. Ferguson & Co. Financials Asset managers & custodians Karachi: 1893 Accounting, financial services P A Adamjee Group: Conglomerates - Karachi: 1896
The growth was attributed to the country's economic expansion and the bank's strategic use of high-cost deposits from the private sector for lending to politically connected enterprises. [2] However, the bank's rapid expansion was accompanied by controversies related to imprudent lending practices under Pervaiz Elahi government. [2]
In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies". [1] [need quotation to verify] [2] It is a subset of the domestic economy, [3] excluding the economic activities of general government, private households, and non-profit organizations serving individuals. [4]