Pakistan’s burgeoning youth have turned the nation into the world's fastest growing retail market.

[xyxmt]

This is what I keep saying for last two years, you don't know the magnitude of growth in Pakistan's economy until to go there. I felt poor compared to Pakistanis and I am financially strong in Canada

 

[N.Siddiqui]

This is what I keep saying for last two years, you don't know the magnitude of growth in Pakistan's economy until to go there. I felt poor compared to Pakistanis and I am financially strong in Canada

The upper middle class percentile is quite big in Pakistan and if you add the middle middle and lower middle it becomes huge...they are driving the retail sector in Pakistan, the consumer based FMCG's, and just about everything.

And if you look into the population of Canada at 35 million or so and Pakistan at 207 million, a relatively smaller proportion of it will derive the retail sector here. Yes there is discrepancy in income levels unlike in Canada, an ideal welfare oriented country. Any better distribution of wealth in Pakistan through high tax base, for the rich, lesser indirect taxes, and a more holistic approach will make it hugely better.

 

[xyxmt]

The upper middle class percentile is quite big in Pakistan and if you add the middle middle and lower middle it becomes huge...they are driving the retail sector in Pakistan, the consumer based FMCG's, and just about everything.

And if you look into the population of Canada at 35 million or so and Pakistan at 207 million, a relatively smaller proportion of it will derive the retail sector here. Yes there is discrepancy in income levels unlike in Canada, an ideal welfare oriented country. Any better distribution of wealth in Pakistan through high tax base, for the rich, lesser indirect taxes, and a more holistic approach will make it hugely better.

middle class people do not have as much disposable income in Canada as they do in Pakistan. In Canada you pay tax over income that has already been taxed. A Canadian who makes 100,000 CAD a year may end up with disposable income which is half of it.

 

[cloud4000]

middle class people do not have as much disposable income in Canada as they do in Pakistan. In Canada you pay tax over income that has already been taxed. A Canadian who makes 100,000 CAD a year may end up with disposable income which is half of it.

This is why Pakistanis have money while their government is broke. It will be interesting to see what impact the devaluation of rupee will have, which will make imports much more expensive.

 

[Torch_v2.0]

Indeed Pakistan is the fastest growing economy in South Asia,
India has became sh*thole in recent years.
And Bangladesh ,uhh they are owned by Indians , so i don't count them as a country !!!!!!

 

[xyxmt]

This is why Pakistanis have money while their government is broke. It will be interesting to see what impact the devaluation of rupee will have, which will make imports much more expensive.

i doubt it will make any dent
mostly Pakistani products

 

[Sully3]

Night hotel group will hopefully becomes Pakistans Taj hotel group.

They are churning out some beautiful hotels, eagerly waiting for their karachi hotel it needs to be multi story

 

[alphaxyz]

cringe thread

 

[N.Siddiqui]

Lucky one mall, Karachi

Last Night Shopping Festival of Emporium Mall Lahore for the grand draw prize pool

 

[N.Siddiqui]

Ukraine Independence Celebrations at the Safa Mall in Islamabad

Centauras Mall, Islamabad on Eid Night

 

[Solomon2]

The great thing about a growing market is the expanded opportunities for entrepreneurship to serve it. Anyone have some start-up stories to share?

 

[N.Siddiqui]

Independence celebrations at Emporium Mall,Lahore

 

[Flash_Ninja]

cringe thread

Yeah the thread is cringey, not the obsessed loser Indian joining a Pakistani forum and posting in a Pakistani thread

 

[N.Siddiqui]

Cartoon Network TV entertainment gala for children at the Fortress Square Mall,Lahore.

 

[N.Siddiqui]

GRA chief sees bright future for Pakistan’s retail sector

It’s no secret that Pakistan’s retail sector has jumped manifold in the last few years. Be it the textile, auto or food sectors, nearly all have grown massively in the last few years.

What’s more is that this development does not seem to slow down and rapid advancement can be expected in the coming few years, signified by the emergence of various brands and large shopping malls.

Leading global retail gurus are now predicting a bright future for the commercial landscape in Pakistan and are ready to share their expertise which may transform the entire retail eco-system of the country.

Prakash Menon, founder and executive director of Dubai based Global Retail Academy (GRA), has expressed his confidence for the country’s recent strides in the retail sector and says the country is a hotbed for producing notable leaders in the future.

He, however, said that this is the time for the country’s leading retail groups to upgrade by learning that true retail management is not limited to customers service only.

“Retailing is an art and a science, but, unfortunately, retailers in this part of the world are not aware of true retailing techniques that the first world has adopted,” Menon said in an interview with The Express Tribune.

“About 94% of the retail failures globally are due to the fact that leaders do not properly know the retail science in which human resource is a key element,” he added.

Pakistan’s retail size has been estimated at around $152 billion in 2014, which is just below half of Pakistan’s total Gross Domestic Product.

Unfortunately, Pakistan does not have the required professionals who completely understand the techniques of true retailing, said Menon.

However, he added that Pakistan’s corporate bosses are ready to learn what they don’t know and it is a positive sign. “Retailing entails several aspects starting from sourcing to retail buying, transportation, warehouses or composite warehouse, inventory management, store operations,” he said.

“Once the country learns the real retailing process, it can help boost the economy.”

Talking about e-commerce, Menon said that this is the most important tool the world is benefiting from these days. However, according to Menon, Pakistan’s retail sector might be a success story within its boundaries but it could be very hard for local brands to make their recognition among top global brands.

“How can a company gain success in e-commerce at a global level when they don’t even know the basics of retailing, how can you assure to cross the borders and that too with success when your foundation or basics are not strong?” he asked.

This is the main reason why many brands fail to survive within two years of their existence as they fail to understand inventory management and cannot handle the rising demand.

He, however, said that this is just a matter of time, GRA can introduce Pakistan’s retail sector to the global world as it is as best as the global networking platform. “My aim is to produce retail gurus from this part of the world who are capable of exporting trained HR to the rest of the world,” Menon added.

Centaurus Islamabad

Pakistan Day Concert by Ali Azmat at Emporium Mall,Lahore

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