Pakistani Payroll
The Islamic Republic of Pakistan is the third largest economy in South Asia – behind India and Bangladesh – occupies a huge landmass and has the world’s fifth largest population of around 235 million. The services sector is the largest component of the economy ahead of agriculture, with manufacturing the main focus of government policies to diversify the country’s industrial base.
How We Can Help You
Key areas are textiles, which employ around 40% of the population, iron and steel, the automotive sector, leather products, electronics, pharmaceuticals, chemicals and the mining and processing of non-metallic minerals. The government has introduced economic free zones and Foreign Direct Investment incentives for some of these sectors as well as for alternative and renewable energy and electric vehicles.
International companies planning to increase their international profile by expanding operations into Pakistan to maximise this potential face a major commitment if they also intend running the payroll for their company and employees. They must comply with every aspect of multiple employment laws, and this is not straightforward in Pakistan as they apply at federal and provincial level.
Bradford Jacobs’ Professional Employer Organisation (PEO) and Employer of Record (EOR) platforms and networks provide complete answers to every question your company will encounter before you move into the economy, especially when it comes to operating payroll.