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Pakistan
Pakistan Geography, Politics, Economy, and Culture
The world’s sixth-most populous country, Pakistan was created as a Muslim nation in 1947, carved out from Hindu-majority India, following the subcontinent’s independence from the British Empire. With a turbulent political and military history, Pakistan continues its journey to stability in the midst of conflict and turmoil at home and with its neighbors.
Geologically prone to violent earthquakes, Pakistan’s geography also contains some of the world’s highest peaks, including K2 (8,611 meters) and Nanga Parbat (8,126 meters). The climate is varied and ranges from tropical to arid, with a significant monsoon season causing major flooding.
Pakistan’s economy, while having transitioned from primarily agricultural to more of a focus on the service sector, is still heavily dependent on farming and a majority of the workforce is employed in agriculture, either directly or indirectly. With 207 million people, Pakistanis are primarily Muslim by faith with Urdu being the lingua franca for everyday life. However, for most people, their primary languages are Punjabi or Sindhi.
| 2021 | |
| March 23 | Pakistan Day |
| April 14 | Ramazan Bank Holiday |
| May 1 | Labour Day |
| May 14 | Eid-ul-Fitr |
| May 15 | Eid-ul-Fitr Holiday |
| May 16 | Eid-ul-Fitr Holiday |
| July 21 | Eid al-Adha |
| July 22 | Eid al-Adha Holiday |
| July 23 | Eid al-Adha Holiday |
| August 14 | Independence Day |
| August 18 | Ashura |
| August 19 | Ashura Holiday |
| October 19 | Eid Milad un-Nabi |
| December 25 | Christmas Day |
| December 25 | Quaid-e-Azam Day |
- Sole Proprietorship
- Company
- Company Limited by Shares
- Public Limited Companies
- Private Limited Companies
- Company Limited By Guarantee
- Corporate Tax: 29%
- Income Tax (Lowest Marginal Rate): 5%
- Income Tax (Highest Marginal Rate): 29%
- VAT/GST/Sales Tax: 17% (standard rate), 0% (basic food items)
- Bank of Punjab (State Bank)
- First Women Bank (State Bank)
- National Bank of Pakistan (State Bank)
- Sindh Bank (State Bank)
- Bank of Tokyo – Mitsubishi UFG (Foreign Bank)
- Citi Bank N.A (Foreign Bank)
- Industrial and Commercial Bank of China Limited (Foreign Bank)
- Standard Chartered Pakistan (Foreign Bank)
- Bank of China (Foreign Bank)
- Samba Bank Limited (Foreign Bank)
- Allied Bank of Pakistan, Karachi (Private Bank)
- Askari Bank, Rawalpindi (Private Bank)
- Bank AL Habib, Karachi (Private Bank)
- Bank Alfalah, Karachi (Private Bank)
- Bank of Punjab, Lahore (Private Bank)
- Barclays Bank, Karachi (Private Bank)
- Faysal Bank, Karachi (Private Bank)
- Habib Metropolitan Bank, Karachi (Private Bank)
- Habib Bank, Karachi (Private Bank)
- HSBC (Private Bank)
- JS Bank (Private Bank)
- KASB Bank, Karachi (Private Bank)
- MCB Bank Limited (formerly Muslim Commercial Bank), Islamabad (Private Bank)
- MyBank Limited, acquired by and merged with Summit Bank, Karachi (Private Bank)
- NIB Bank, Karachi (Private Bank)
- Samba Bank, Karachi (Private Bank)
- Silk Bank formerly Saudi Pak Non-Commercial Bank, Karachi (Private Bank)
- Soneri Bank, Karachi (Private Bank)
- Summit Bank, Karachi (Private Bank)
- United Bank, Karachi (Private Bank)
- Al Baraka Bank (Pakistan) Limited (Private Bank)
- Askari Bank Limited (Private Bank)
- Bank Alfalah Limited (Private Bank)
- Bank AL Habib Limited (Private Bank)
- BankIslami Pakistan Limited (Private Bank)
- Burj Bank Limited (Private Bank)
- Dubai Islamic Bank Pakistan Limited (Private Bank)
- Faysal Bank Limited (Private Bank)
- Habib Metropolitan Bank Limited (Private Bank)
- JS Bank Limited (Private Bank)
- KASB Bank Limited (Private Bank)
- Meezan Bank Limited (Private Bank)
- NIB Bank Limited (Private Bank)
- Samba Bank Limited (Private Bank)
- Silkbank Limited (Private Bank)
- Soneri Bank Limited (Private Bank)
- Standard Chartered Bank (Pakistan) Limited (Private Bank)
- Summit Bank Limited (Formerly Arif Habib Bank Limited) (Private Bank)
Aadmi can support you with your expansion to Pakistan. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
