In the first half of 2024, Pakistan had a notable surge in the number of its companies becoming members of the Dubai Chamber of Commerce. During this time, the Gulf country’s body registered about 4,000 new Pakistani entities, an increase of 17% over the corresponding period in 2023.
Due to a number of issues, including political unpredictability, erratic policies, and an emphasis on unproductive industries rather than creating a sizable local market with a population of over 240 million, the nation has historically had difficulty luring and keeping foreign investment.
Pakistan’s economy is nonetheless more vulnerable to shocks than that of its regional counterparts, and it regularly needs bailouts from the International Monetary Fund (IMF).
The increase in Pakistani businesses signing up with the Dubai Chamber of Commerce is indicative of the challenges that the nation faces in fostering a favorable business environment at home.
