Corporatization and Globalization of Pakistani Companies

Abstract

This study intensively assesses to the issues confronted by Pakistani companies in different sectors pertaining to corporatization, their nourishment and concerns for globalizing their operations when they stretch their network abroad. Corporate sector substantially chip in overall economic development, and they also nourish the formal and documented economy. If they globalize their operations and trade and/or invest beyond borders, they transfer their skills, competitive knowhow, technology, and resource base overseas. Resultantly, they turn as global players and benefit the global economy. The investigation approaches include qualitative and quantitative researches. This empirical enquiry entails observations via media content examination and structured survey. The primary data is extracted from renowned newspapers and survey. The secondary data is extracted from extant literature review and authentic database of Securities and Exchange Commission of Pakistan (SECP) to become aware about growth trends of corporatization during the period of 2007-08 to 2011-12, and issues pertinent with corporatization and corporate globalization in Pakistan. The findings uncover incremental trends of corporatization in Pakistan even in the periods of economic slackness and partial turmoil, and her companies are globalizing their operations and network. On the other hand, testimonies record incidences of divestiture and liquidation of multinational companies in Pakistan, and relocation of the domestic companies mainly in textile sector to Bangladesh. Such events resulted in the wake of failures of governance, law and order cum energy crises.