Business Opportunities In Pakistan

Sunday, November 28, 2021 8:44:35 AM

Business Opportunities In Pakistan



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Best Business to Start in Pakistan in 2021 - Most Profitable Business in 2021

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Being a developing economy, Pakistan energy requirements are increasing rapidly. Energy generation is top priority for the government of Pakistan which is trying to ensure availability and security of sustainable supply of energy. The Government of Pakistan has encouraged local and foreign investment for establishing power projects and related infrastructure including developing transmission lines. The electricity from these projects will be primarily generated from fossil fuels, though hydroelectricity and wind-power projects are also included.

Two thirds of this is for energy projects. CPEC presents huge opportunities for Pakistan and the wider region, bringing economic development, greater connectivity and regional security. Pakistan has a mixed health care system, comprising of public and private, formal and informal sectors. All health responsibilities mainly planning and fund allocation are devolved to provincial health departments. The education sector consists of:. The general law and order situation throughout the country remains a challenge. The Pakistan security sector is well established and connected to suppliers based in Europe, the US and China.

It is a price conscious market, but there are opportunities for high quality products and services. You must check your goods are meeting legal requirements for export. Opportunities occur across many sectors, including privatisation of state-owned enterprises. They include a need for:. If you are looking to do business in Pakistan you can set up a company, normally a local subsidiary. Pakistan is a market in which can require an investment of time and personal presence. Therefore, you should regularly visit Pakistan, especially during the early phase of your set up. You are advised to seek legal and taxation advice before entering into a joint venture or similar type of partnership with a local company in Pakistan.

Contact the Department for International Trade DIT team in Pakistan to help find tax and legal advisers before entering into agreements. The Pakistan Standards and Quality Control Authority has responsibility for standards and quality requirements. The Ministry of Health is concerned with labelling requirements of drugs, cigarettes etc. In general, labelling in English and Urdu is required on all consumer products and needs to be approved by the relevant ministry or department. At the minimum, labels need to provide:. You should use a packing list for all shipments containing more than one shipping unit of packaged cargo. Most countries require packing lists to be provided together with the commercial invoice. The information must be consistent with all information shown on the commercial invoice.

The government of Pakistan took measures in to ensure more effective protection of intellectual property in Pakistan. Register your brands with the Intellectual Property Organization of Pakistan. IPPAs are designed to encourage investor confidence by setting high standards of investor protection applicable in international law. Main elements include:. Taxes and duties paid in Pakistan can be claimed back in the UK. The corporate income tax rate is a tax collected from companies. Its amount is based on the net income companies get while doing business, normally during one business year. The sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services.

Port charges, clearance charges, transportation and the additional duties charged for certain products in addition to the customs tariff. You can find more about import tariffs in the Market Access Database. There is a list of banned items that cannot be exported to Pakistan. You need to hire staff and bear the maintenance cost. In the end, printing and embroidery machines capacity will not be utilized by them fully. Thus, it can be one good business opportunity in these value-added processes. You can fill up the gap and the printing business. Start with flat-bed screen printing and later add the latest printing machines to scale up your business. In recent days, digital textile printers getting more popular.

You can even set up a printing business using a digital textile printer and do custom garment print services. Set up a garment washing plant Washing is required in various stages of garment manufacturing — fabric washing, various types of garment washing. Secondly, buyers placed an order for washed garments, with different types of end looks and hand feels. You can look at this option as one of the business opportunities. For a washing plant, you need to buy a washing machine, hydro extractor and tumble drier. Washing machines are available in different capacities. You need to set up a machine with variable capacity, considering that you will get washing job-work orders of various volumes and weights.

Starting garment buying agency An apparel buying agency works as an intermediator between apparel brands and apparel manufacturers. They take orders from buyers and get the garment manufacturing done in garment manufacturing. Depending on the product type, order volume, and buyer's vendor selection procedure, a buying agent selects its suppliers. There is no fixed rule for selecting a garment supplier. Bigger brands involved their team in vendor selection, while small retailers give all responsibilities of vendor selection and order sourcing to their sourcing agents.

If you are working as a merchandiser in an export house or a buying house for a few years, you might have developed a good relationship with your buyers. You have a good opportunity to contact buyers, take the order and get manufactured garments from a factory. You can even set up product development and sampling room to attract more buyers and display a wide range of products. You will be needed for a small team to start a garment buying house. For this business, you need to contact buyers and show them your designs.

At the same time, you need to develop a supplier base, who is eligible for making your design and order in your target cost. Check these important points to start a buying house. Starting a consultancy service You might have built up your expertise and skills in some specific fields. If you have a passion for teaching others and can solve real-life problems daily faced by garment factories, buyers, and auxiliary business firms, you can start consultancy services.

Though at present consultancy services are not very popular in the apparel industry, in the future factories will look for expert guidance -in the areas like cost reduction and factory performance improvement. Other than doing full-time consultancy services, you can also do freelance consulting and provide your services to needy businesses. The area of consultancy would completely depend on your area of expertise.

For example, one can provide pattern-making service, Techpack development, product designing service, souring raw materials, etc. Custom T-shirt printing The custom t-shirt printing business got popular at the start of this decade. This business opportunity is still there but it has saturated. There are some big players like Vista Print. You can still start custom garment print business, you can find the gap and fill it by your innovative services.

The custom t-shirt print service provider buys blank t-shirts in bulk and keeps as inventory. When they get an order with printing artwork, they print the selected garment style, color and size. Printing can be done using a digital garment printer or a screen printer. With the custom t-shirt business, you can also add custom embroidery services. Customers normally want embroidery for a brand logo. A logo stitching machine can be used for custom logo embroidery. If the embroidery design size is bigger then you need to choose a computerised embroidery machine. E-commerce business This one is an additional idea. The e-commerce business can be done in two ways — first starting your own label and selling your designs through your own website e-commerce site.

Instead, you can purchase garments and sell those garments on Amazon, and Flipkart. There are few other e-commerce web portals like Paytm, Shop Clues, Myntra. You can also consider selling your product through them. Yes, you can start your label and sell your products through these e-commerce platforms. Conclusion I have just explained 10 plus garment business ideas. You can start one out of those 10 business opportunities depending on your competency and business networking. Each business is profitable if you can create your customer base and specialization.

Yes, there are many other kinds of business opportunities in the apparel supply chain. My objective is to give you an idea that will inspire you to explore more in starting a small-scale business in the apparel sector. Many entrepreneurs aspire for starting their own labels on some specific products. If you have similar dreams, go for that. For starting your own label choose any apparel product. Whatever business you start, you need to follow your country's rules in starting a business.

You could also harvest food that can be sold in bulk, like rice or corn product, that you can sell wholesale to food production companies. Or you could start a B2B business that produces weed killer specifically for farmers or other agricultural businesses. You can also start a business that processes meat products to sell to consumers or grocery markets. You could even start a florist business where you grow your own flowers to use in different products and arrangements.

There are also plenty of different plants you can grow that will allow you to create various spices that you can process and sell. You could also specialize in organic gardening practices so you can market your products to health and eco-conscious consumers. Or you could even offer your expertise to other farmers or agriculture businesses that want to utilize sustainable methods as a consultant. If you have the capital to purchase farming or agriculture equipment, you could start a business where you rent or lease that equipment out to farmers.

Compost can be a useful tool for food growers. So you can make compost to sell to farmers and gardeners by starting your own worm farm. So you could start your own business where you care for goats and then rent them out for that purpose. You could also grow pine trees on your property and then sell them to nearby customers around the holidays to use as Christmas trees.

Or if you have other types of trees on your land, you could use sell the firewood to those who need it. Creating a long term sustainable business would depend on expanding the amount of land on which you can harvest trees and also systematic replenishment through continuous replanting. You could also harvest seeds from different trees and sell them to people who want to plant new ones. There are also various types of plants that you can use to produce oil for cooking or other purposes.

So you can process that oil process to sell. Or you could grow different types of plants and then sell them in pots to gardeners or consumers looking for houseplants. Gardeners can often use butterflies to aid in their growing processes and aesthetics. So you could start your own butterfly colony and target gardening customers. You could also use a variety of different crops and food products to create pet food that you can sell to consumers. If you have corn plots on your property, you can create a corn maze that you can charge people to visit throughout part of the year.

You could also raise certain animals and then welcome visitors to your farm as part of a petting zoo attraction. Or you could have a farm where you welcome student groups or those interested in learning more about farming. If you have a tractor or other vehicle that you can drive around to different parts of your farm or property, you can offer trail rides as another paid attraction. You could also offer a whole tourist experience at your farm where people can come visit and maybe even stay as part of a bed and breakfast type of experience.

And if you have land that is large enough and has certain types of animals on it, you could even let people pay to visit for hunting purposes. Pig Farm Photo via Shutterstock. Some great ideas there thanks. I must admit Goat Rentals is not one I would have thought of but very interesting all the same. There is too much land left idle so the more people do something productive with land the better. We have huge land bank in Maharashtra tropical climate, and fertile soil, we require a financial partner to start Agriculture as well as agro forests, where we can receive in regular Income as well as long term income,.

Thanks from a rural reader. Also Goat Cheese Farms are big near us. Families love to picnic when they visit. Good list. My family and I are looking to do a niche farm in South Georgia. We do not have any land, but have extensive experience in hospitality culinary, marketing, events.

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