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A business (also known as company, enterprise, or firm) is an organization designed to provide goods,
services, or both to consumers. Businesses are predominant in capitalist economies, in which most
businesses are privately owned and formed to earn profit to increase the wealth of its owners.
Businesses can also be formed not-for-profit or be state-owned×

The overall business in Pakistan is divided basically into three main categories which are agriculture,
industry and services. The structure of Pakistan͛s economy has changed from a mainly agricultural base
to a service base. Agriculture and industry sector now account for about 22% and 24% of GDP
respectively, while the services sector accounts for 54% of the GDP.


  

The agriculture sector comprising of farming, forestry, livestock, poultry and fisheries, contributes about
22 percent to the GDP, employs about 45 percent of the total work force and is the main source of
livelihood for over 60 percent of the country͛s population living in rural areas. It contributes
substantially to the country͛s exports, provides raw material to major industries such as textile, sugar,
dairy, leather and other agro-based industries and as well as market for industrial products.




Industry is the second largest and an important sector of the economy accounting for 24.3 percent of
GDP. It comprises of large to middle scale manufacturing, mining & quarrying, construction, electricity &
gas distribution.

In manufacturing, cotton yarn and cotton cloth is the leading sector, followed by food processing
industries largely based on indigenous raw materials. Engineering sector in Pakistan is engaged in
manufacturing cement and sugar plants, industrial boilers, chemical/petrochemical plant & equipment,
construction equipment and power transmission towers, textile related engineering and automotive etc.

 


The services sector though missing its growth targets during last few years is becoming an
increasingly important dimension of Pakistan͛s economy due to its major contribution of about 54
percent in the GDP. Wholesale & retail trade, transport & storage, communication, community & social
services and personal services are leading service activities in Pakistan. Other services are finance and
insurance, ownership of dwellings, public administration etc.

The services sector by missing its target growth of 6.1 percent grew by 3.6 percent which is the lowest in
the preceding eight years. Weakening activities in industrial sector slowed down the pace of wholesale
and retail trade. Major setback to services sector growth came from sharp weakening of transport,
storage & communication as well as decline in finance & insurance.
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