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Pakistan is the second largest economy in South Asia after India. With a growing middle class, and an affinity for UK expertise, products and brands, there are good opportunities to increase UK exports of goods and services in this unsaturated and rapidly growing market.
With a struggling economy but able workforce, Pakistan is a developing country wherein lies plenty of opportunities for investors with a keen eye for them. Whether you are a native of Pakistan or a foreigner looking to invest in that country, you can make lots of money if you invest in the right businesses.
So, what are the best business opportunities in Pakistan? And which businesses will most likely turn out very profitable in the long term? This post answers both questions, as it discusses the top ten businesses opportunities in Pakistan.
Top 10 Small Business Investment Opportunities in Pakistan
Oil and gas
Because there is always high demand for gas and other petroleum products in Pakistan, opening a filling station is a very cool business. Though this would require huge capital, it promises huge returns within very little time. If you cannot afford the capital required to open a filling station, you can start a business that sells other petroleum products on a small scale. Then you can go up from there.
Land appreciates quickly in Pakistan these days, and there is increasing demand for housing structures. These facts prove that real estate is very good business in the country. One good thing about this business is that you can start big or small, depending on your capital.
You can make lots of money from the automobile industry in Pakistan if you distinguish yourself by selling only luxury cars and other automobiles. Although the demand is greater for second-hand vehicles, only few luxury car dealers are in Pakistan to cater to those who can afford luxury cars. So, there are huge opportunities for investors in the luxury car market.
Online freelance services
Many Pakistanis are now making lots of profit working as freelance professionals online. Individuals and businesses from developed countries like the US and UK now prefer to hire Pakistanis, Indians, Malaysians, and so on for various projects such as content writing, web design, graphics design, translation, and so on. So, if you have any of these skills, you can start offering your services as a freelance professional and get paid for them.
Ice cream and frozen snacks
Pakistan is a very hot country, and nothing could be more relieving on a hot day than ice cream or frozen yoghurt. So, starting a business that sells these products would no doubt sell very well. You can start a business that processes ice creams and frozen yoghurt. But if you have little capital, you can buy from producers and refrigerate at your own end. Even at that, you will need to get refrigerators and a reliable source of power supply.
If you have a piece of land or some other valuable property, you can make lots of money by commercializing it. That is, by leasing it out to individuals and businesses that need them for various purposes. This option is very suitable for those who have assets they don’t need at the moment, but aren’t willing to sell.
Auto spare parts
Probably because most cars in Pakistan aren’t bought new, there’s a constant high demand for auto spare parts. This places a lot of money on the table for investors who can venture into this business. Starting a business that sells auto spare parts is very easy, and requires no formal qualifications. But a good knowledge of the various automobiles and their parts is needed. If you don’t have this, you will need to partner with or hire someone who does.
You can make lots of money in Pakistan by starting a business that sells energy generated from alternative sources such as wind and solar. In fact, with diligence and connections, you could be lucky enough to have the government as one of your customers.
There is huge demand in Pakistan for eggs, milk, and other animal products. So, you can make a lot of money from animal farming. As for poultry, you can rear chicken, turkeys, and so on. Other animals you should consider include sheep, and cattle. You can start this business even with very little capital. With time, the business would grow as you generate more profit.
Although there are many restaurants sprinkled all over Pakistan, there is still enough room for new investors, as there is a constant demand for food. You can open a restaurant that offers local dishes if there are few in your desired location. Better yet, you can distinguish yourself by offering foreign cuisines such as American, Chinese, or Italian