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in the process of rapid growth and industrialization. Currently, there are around 28
emerging markets in the world, with the economies of China and India considered to be
the largest.
n In the 2008 Emerging Economy Report, the Center for Knowledge Societies
defines Emerging Economies as those "regions of the world that are experiencing rapid
informationalization under conditions of limited or partial industrialization." It appears
that emerging markets lie at the intersection of non-traditional user behavior, the rise of
new user groups and community adoption of products and services, and innovations in
product technologies and platforms.
.
In recent years, new terms have emerged to describe the largest developing
countries such as BRIC that stands for Brazil Russia India and China along with
BRICET (BRIC + Eastern Europe and Turkey), BRICS (BRIC + South Africa), BRICM
(BRIC + Mexico) , BRICK (BRIC + South Korea), Next Eleven (Bangladesh, Egypt,
Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and
Vietnam) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South
Africa). These countries do not share any common agenda, but some experts believe that
they are enjoying an increasing role in the world economy and on political platforms.
Pakistan is trying its best to emerge with its full innovative and potentiallll to compete
with the gloval market as in spite of its own barriers and random political unstability.
It is heading it place as a leader state in South Asia .The following facts can be
considered as to Pakistan as an emerging market in South Asia.
Major Industries ;
Textiles ,Vegetables, Oils and Sugar
Agricultural products, cement fertilizer, steel, chemicals, sports goods and carpets
Pakistan,s economy has made significant progress during the last six years because of
major reforms in different sectors ;
Bilitateral-Relation;
Pakistan is also emerging with bilateral relation with Australia other South Asian
countries . Australia alone contributed $ 80 MILL. To Pakistan during great earthquake
and 39 MILL. Doller for persuing higher studies of Pakistani students inAustralia.
Now more than 2000 thousand pak students are studying in Australia. Commercial link
between two nations include BHP BILLIONS investment. It was a beginning in 2005 .
Custom duties reform –0%custom duty on raw material used for re-export and
equipment / machinery locally not available ; infrastructure development ; no restriction
on payment of royalty . Tex free industrial Jones: Liberal investment policy -100%equity
share by foreign companies . Local packaging and distribution . Presence of foreign
banks . Easy and transperant payment, wire transfer, letter of credits ; Pakistan business
visa issued on arrival at any international airport
Export and import graph of Pakistan is balanced in terms of economic growth level in
the country. In 2005 export amount was AUD 468.8 and import AUD 139.3. Import is
at downward as per comparison with export.Alone Export to Arjentina rose to 41 MILL.
Doller in 2009.-10
Market location with great potential ; with fast moving economy,, strategically
located in South Asia, provide access to other countries ie. Iran, Afghanistan and other
CIS countries. and finally open to all countries.
** Pakistan's fragile security situation has been thrown back into chaos, following a
flurry of suicide bombings and targeted attacks by the Taliban insurgency. Such concerns
The central administration. Moreover, recent flood was also a blockage to our emerging
market. it is always expected that Pakistan administration should be aware of an
transparency and accountability in terms of its econonomic and administrative policy.
That would emerge our nation a leader nation of South Asia in no time.