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.