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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 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)
The sector, as a whole, provides employment to 3.5 million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan's auto market is considered among the smallest, but fastest growing in South Asia .
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]
Private sector development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises. This could be through working with firms directly, with membership organisations to represent them, or through a range ...
The 1980s brought substantial changes to Pakistan's economic landscape, moving away from the nationalization policies of the 1970s and fostering private sector industrial investment, which greatly contributed to robust economic growth. Notable developments in this era included a drop in the poverty headcount ratio to 29.1% in 1986–87 ...