Pakistan Economy Challenges and Prospects

Pakistan Economy Ch bothenges and ProspectsGeographically, Pakistan is an asian field situated in the south sharing borders with China and India who ar considered to be one of the biggest marketplaces in the adult male. Pakistan has an estimated population of 180 million. It sixth biggest rural in the world in terms of population with the fifth biggest army in the world. It has an approximate area of 803,940 km2. The estimated GDP of Pakistan is $164 billion and contri simplyes 19.6% to agriculture, 26.8% to perseverance and 53.7% to services. The hoidenishs per capita income is around $1022. The countrys world development index is 0.52 and external debts rounding off to $50.1 billion.StrengthsThe economy of Pakistan is an clownish country. It is an agricultural country based on agriculture, textile, services, remittances and cottage industry. The country has a great deal of potential to grow and become a improve country in the world. The current rate of economic growth i s 2% that has come down from 6.8% achieved during the period of 2006-2007. The last two decades has particularly seen the telecommunications industry to grow and boom throughout the country. Even geographically, Pakistan is given great importance. The country holds a great amount of natural resoursces. It has the best agricultural system. The country has four seasons. It has a great potential to expand its tourism part as it has one of the highest mountain ranges, coastlines and vast deserts.WeaknessDespite all the potentials and strenghts, the country is suffering a great deal from its weaknesses. Every division a big portion of the budget goes towards defence and foreign debts. The lie of the budget that has to go towards the welfare of the country suffers from corruption which is one of the biggest threats to the countrys welfare. an separate(prenominal) threat to the country is its lack of action to control terrorism that has wasted the roots of the country and has rocked it s roots. The administration has lacked to set up essantial ways to better the the agriculture. The educational system has failed disasterously though the private institutes allow boomed. But the administration has failed to succeed education to poors. The country is currently suffering from providing ample amount of electricity and gas due to its lack of development in the spheres. benevolent imagery in PakistanPakistan has been in international news headlines for a variety of reasons different than for its gentle resource efforts. Observations suggest that increased international support and a reverse brain drain phenomenon continue to contri furthere to the HR efforts in Pakistan.There has been a significant increase in the application of HR at community, national, and regional levels (McLean et al. 2006). The November 2008 conference of the Academy of HR in Asia besides intends to focus on the role of HR in sustainable development. Thus, it is big to examine HR not only in corporate, but in any case in regime and social settings, especially in developing countries (Budhwani and McLean 2005).In Pakistan, HR is influenced by lack of funds and qualified HR staff. The government of Pakistan allocates a short amount of budget for HR activities (Aftab 2007). However, the nonprofit sector, a public-private partnership sector, seems to be more organized in its HR efforts.This root word sheds light on HR in Pakistan and how it can be veritable by using local companionship and international support and expertise.Pakistan came into cosmos on 14 August 1947 and today we are struggling for sustainable development. Over the years Pakistan faced many challenges and the time of independence thither were many genuine problems but 59 years were not little for developing and managing the human resource effectively. Now we are standing in a situation where our government setups bear failed to deliver and achieve a level of excellence. The private local compani es have HR department but not properly functional. The Army is a little organized but is over indulging in the areas that are not their do principal(prenominal) .The multinational are better because they are following the same internatioally used perplexity tools.The past practices can not be overlooked as they have created a bunch of unskilled qualified man power and sleeveless organizations. The issues or problems in the human recourse management are in all the functions of HRM disciplineTelenor PakistanTelenor Pakistan, a wholly owned subsidiary of Telenor ASA, launched its operations in March 2005. One of the leading telecom operators providing prepaid, postpaid and jimmy added services to seven million customers,Human resource at TelenorPakistanAs a social club, telenor has worked its way towards its product by providing a different improvement and creativity. Their services and advertising campaigns were also not traditional. Telenor Pakistan has been able to exercise o utlawed operations to achieve productiveness with a high output. The company has unendingly kept in mind to provide quality service and control in the solutions.One of the greatest achievements of Telenor is great performance of its employees by providing them an purlieu ilk a home. The company exercises true equality towards its employees. There is no traditional way of communication rather the company exercises communications at all levels within their employees and providing all with equal priviliges. The employees dont have to be habilimented formally unless they have to communicate to external people. Thus providing the employees an environment that is like a home. This is one of the greatest factors within the company that helps them achieve their levels of productivity by a great deal of contribution.Beside these, there are other techniques the company has adopted at Telenor PakistanUnique and very well structure Recruitment and Selection methods, driven by competency-b ased screeningSeparatem OrganizationalDevelopment (OD) functionRevamping the human resource management division name with Human Capital divergence (HCD)Unique Selection Recruitment MethodsRegardless of the recruitment memberes taking assign at other companies. Telenor Pakistan has adopted and the conditions and is carrying out an unique recruitment process to get the most appropriate people to the positions vacant in the company. The recuritment in the company goes through a three level process that is foundation, development and growth. The recruitment process now gets even harder by not only if looking at the high GPAs or prestigious degrees but by sensing the best personality with all the abilities required by the company to benefit its economic value. The company has rebranded its recruitment process from traditional human resourse management to Human Capital Division as it refers to the stock of skills and knowledge and the ability to perform labour.ConclusionTelenor has not only initiated new concepts and world class human resource management techniques, but also with its on-campus recruitment seminars and the Telenor Alumni and Ambassador Programs, the company is always on the lookout to maximize its gather in terms of its outward orientation There is also an substantial point raised that Telenor provides 100% focus on talen as they avow we hire for talent, and train for skills.Human resource practice in TelenorPakistanHabib brink LTD PakistanHabib intrust is the largest aver in Pakistan. It has over 1425 branches throughout Pakistan and 55 branches crosswise the world. The company is referred to as HBL. The companys head quarters are at Habib Bank Plaza Karachi Pakistan. Habib bank continues to take strong hold in Pakistans national market with shares over 40%. The bank also dominates in providing loans to small industries and traders and agricultural loans to farmers. The bank also controls 55% of inward foreign remittances.Human Resource management structureAs with the HRM department of any other company. The HRM department of HBL is also very active and is considered to be the best in Pakistan. The structure of the bank from top to bottom is asOne hot seat (CEO) has 10 Senior Executive Vice-Presidents. They in turn have 29 Executive Vice Presidents working under and 154 senior Vice Presidents. They inturn have 420 vice presidents and then 831 Assistant vice Presidents. They inturn have 2350 officers of sucker 1 working under them, 4108 officers of grade 2 work under them and 3364 officers of Grade 3 come under them. The next level has 10, 658 clerical/non-clerical employees. The chalk up employees as per 1999 balance sheet is 23, 022.Job AnalysisThe procedure for ascertain the duties and skill requirements of a handicraft and the kind of person who should be employ for it is called Job abstract. Job analysis is every important as muse analysis training is used in Selecting and recruiting, compensation, pe rformance appraisal, training and in resolving other issues which HBL faces. HBL takes Job analysis services from Sidat Hyder Morshed Association (SHMA) which is the biggest HR consulting firm in Pakistan. The methods which are used in collecting job analysis information areThe converseQuestionnairesThe Interview for job analysisInterview is a big source in collecting information in the job analysis. Individual employees, group of employees and supervisors with vast knowledge somewhat jobs are interviewed. The format of interview is Structured and unstructured. In structured interview a set of sequence of questions are followed by interviewers and in unstructured type of interview the interviewer pursues points of interest as they come up in response to questions.QuestionnairesIn questionnaire the employees solve the fill out questionnaires to describe their job-related duties and responsibilities. The formats of questionnaires are either structured or open ended.ConclusionThe te lecom sector has been in boom recenlty in Pakistan, one of the basic reason for the succeeder was the economy of Pakistan,as because of cheap labour the telecom sector was able to provide cheap services to masses. The second reason for success was growing market as the telecom sector was very new in begining of 2000. The main success of Habib Bank Limited was the fact that over the years sell banking was unexplored, till early 2000. Good governance by State bank of Pakistan was another reason for this success. As skilled labour was avaiable at disdain cost which made it much easier to the banking sector to grow.