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Pakistan Business

McDonalds first opened a store in Pakistan in September 1998. Since then they have opened seventeen new stores through Pakistan. Today millions of Pakistanis place their trust in McDonald's everyday to provide them with food of a very high standard as well as good service. In the past five years, the response to McDonalds coming to Pakistan has been overwhelming. Today Lakson Group Companies has taken over McDonalds Corporation, USA and a local partner making it a 100% owned and operated Pakistani company.
McDonalds located in Pakistan are currently employing about 1,000 Pakistanis and each store is managed by Pakistani managers. They have also contributed in other ways than food service. McDonalds has investment of over Rs 300 crore in the country and payment of taxes and duties amounting to more than Rs 100 crore. Since McDonalds is doing so well in Pakistan they will continue to grow and add more stores in more cities in the future.
In the twenty-first century; international business continues to experience profound changes that will reshape the challenges and opportunities that managers face. The broad, long-term trend is the continued growth of international business, something that will increasingly weave national economies together. This ongoing process of globalization, "ultimately will increase international cooperation and reinforce overall growth" .
In attempting to do business in a country such as Pakistan, a company must go through certain steps, which is seen as a drawback to many companies. This can be a challenging process because there are many steps a company must take. It can take up to six months to get a business off the ground where as in some countries you can start a business within a week. This puts Pakistan at a disadvantage because many companies do not want to wait that long. The cost of doing business in Pakistan is very high. The main ‘factors' of cost of business in Pakistan are raw material, utilities cost of...