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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]
A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly owned enterprises and government agencies. Private enterprises comprise the private sector of an economy
Bahria Town (Private) Limited (Urdu: بحریہ ٹاؤن) is an Islamabad-based privately owned real-estate development company which owns, develops and manages properties across Pakistan. [1] [2] It established its first gated community in Rawalpindi/Islamabad. [3] Its second gated community opened in Lahore. In 2015, it launched Bahria Town ...
The government is fully aware of the potential of cottage and small-scale industries for industrial development. The following organizations have been established to develop this sector of economy. Pakistan Small Industries Corporation (PSIC) Punjab Small Industries Corporation (PSIC) Sindh Small Industries Corporation (SSIC)
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]
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]