(Section-B)

Assignment

Course:
Corporate Law
Submitted to:
Sir Naveed Chohan
Dated:
3rd May, 2019
Semester:
6th semester
Submitted by:
Abdul Rahman-017
Umer Khalid-008
Gulfam Ashraf-181
Sajjad Hussain-041
Abdul Rahman-429

DEPARTMENT OF MANAGEMENT SCIENCES

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 COMSATS, UNIVERSITY OF INFORMATION
TECHNOLOGY

Contents
Abstract pg3
Arguments on the Business Culture pg3
 Pakistan
 China
Focusing on nurturing the poor pg4
 Increasing their Aptitude
Changing the culture of Government pg5
 Imran Khan’s point of View
Rebuilding Pakistan’s International Credibility pg8
 Political leadership of the foreign ministry
Revolutionize Cyber Security Services pg9
 Future of Cyber Security
Future of Pakistan’s position in the world pg10
Conclusion pg10
References pg11

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Abstract
The way of doing business is different around the world. Some prefer hand to hand
dealing, some prefer buying online and some prefer hiring agents to buy. It’s a
world of differentiation where you can store different ideas or do what you want.
No one has right to stop someone doing business at anyplace. Talking about why
facing difficulties in doing business, why to face restrictions and hurdles in doing
business? Making an environment to visualize the aspects of the cause of this
problem and analyze the trends to compete with the world equally.

Arguments on the Business Culture

Business culture depends on the organization what are their values, approaches and
activities that are shared between one another on daily basis. But how is culture
made? There are unique factors which help in creating one, I have observed some
common components of cultures from the world. Merging all those components
can be an initial step in creating a different lasting culture. Mission or vision is a
start of better culture, and you get a chance to set the foundations of your business.
The value you let yourself create shows the authenticity of your original ideas. Once
you set the foundation you come to know when you need to reshape the structure
you created and how you can compete in future.

Business Culture of Pakistan

However, the very important law that I have found an article for developing
countries like (Pakistan) is tort law. This law refers that if one party commits wrong
toward another party in legal liability. Further, I would like to explain this (tort)
law with an example, a person who is walking in front of juice shop suddenly his
foot came on a banana peel and he falls down with it and gets injured, he can sue
for his damages and get expenses from that juice shop. In the article the author is
saying that I haven’t found tort law in Pakistan because we are facing and hearing
that the medical staff involved the doctors take the wrong organ of patient or giving
poisonous injection to kill helpless drinkers and the other things that are mentioned
in the article is that selling donkey and dogs meats by food vendors. I believe as a
Pakistani that if the government starts focusing on the tort law or implemented only
in a few years this law will boost the economy of Pakistan. Actually, society is
surrounded by corrupt and selfishness and greed for wealthy health.
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Business Culture of China

The Chinese culture is stronger than that of Pakistan where there is more esteem
for teaching, authority and age. The Chinese culture gives the value to talk to others
with politeness and with etiquettes and has made this a vital basis of business
dealings. They are well mannered in their dealings which show how easily they can
raise the standards and self-esteem of the people.

Focusing on nurturing the poor

In Pakistan, half of our population is sacred of higher class due to lack of education
and awareness about the fundamental rights of an individual. Many people are
spending a lot for the betterment of the poor. The prosperity of the poor can lead to
solving many problems of our country and can achieve changes in social and
economic matters of Pakistan. In the international market our image reflects how
we deal each and every matter. We should get together and help the poor to prosper
as soon as possible.

Increasing their Aptitude

Those children are growing in poverty has a negative effect on his minds. Those
poor children that not fulfill his nurturing skills by parents are distressing. The
children are poverty stress and depression for a long time. The researchers believe
it is a responsible for parents to give excellent facilities about their food, shelter and
clothes. If they have not so much resources of their parents then parents will not
give such kind of facilities to their children. If the parents will not give such kind
of facilities to the children will go to stress and depression for a long time. It is such
kind of problem affected by developing countries like Pakistan. In developing
countries effected the problems of poverty.it is a responsibility of a state that work
out on that particular issue of poverty that how to reduce the poverty in the country.
If they have proper right to every citizen then there is no issue in the developing
country of the poverty. In the developing countries the major problem is the labor
wages. They give not so much high wages in our country. Those parents have not
high level education then they have work as a Labor. Every parents work for their
children to give better education and better health facilities. But the problem is that

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the labor wages is low and the other cost of education fee and the food is high. So
the children will not have so much educate and give better food. Due to that reason
children will not go to school and they have work as a labor to fulfill the finance
system of the house. The research analyze if they have proper food to our children
then they have no life time problem about the stress. The poverty issue only in the
developing countries not in the develop country.it is not the problem of develop
country because the government set the system of everything. In that particular
country the labor wages is high. Every child have proper education and proper food
because in that country every person that work for their children and they have
high wages to the labor and they have not so much problems of health and food of
children.in that the developing area countries parents will afford the things at the
age of 18 years. After the age of 18 years it is the responsibility of child that they
have work for themselves and give education as well. It is so much difference of
food in develop and developing countries. In the develop country they have provide
healthy food because they have wages is high. But in developing countries the food
is not pure. Due to not so much proper food the child will not grow so much. So it
is the responsibility of the government that give proper food to the people of their
country.

Changing the culture of Government

Political culture may be defined as how people participate and how much they
participate in political process. If also defined the nature of government and citizens
that how government fulfilled the desires of citizens and what expect they in return.
Every country has a political culture which contain the set of norms, values and
beliefs. Political culture mean there is equal distribution of rights and on one in the
state is rich or poor and everyone enjoy their rights. While examining the political
culture of Pakistan we can see that there is heterogeneous values and government
talk about there is equal distribution of rights but in reality they can't deliver that.
The reason is this Pakistan is a multi-cultural, multi-ethnic country also mix of rural
and urban population. In rural areas. The caste/ Baraderi system and these politician
always gets advantages to these peoples. Pakistan since its creation faces a lot crises
and reason behind is the political culture of nation. So we need to focus on these

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questions: what is the correlation between culture and politics and how they relate
each other? Also what kind of culture found in Pakistan?

Every political party has their own principles and they work according to those
principles and this sometime vary from state to state and sometimes with in state.
Weakness in Pakistani political culture in his roots since the creation of Muslim
league and they face many problems. The bureaucratic control over the state fairs
instead of supremacy of political actors that’s give more power to bureaucracy. The
power owned by the state and this power distributed in to other province.
Unfortunately, this power is not equally distributed among the regions. Due to this
the country economy deceases day by day and faces many challenges. The country
government un-stability also effects on doing business in country, people are
getting poor day-by-day.

The establishment of democratic state cannot come true without establishing the
equality in the state and provide everyone the opportunity for doing business. Our
political system and judicial system has very flaws which not provide the investors
surety in this developing country. Also the existing differences in the Pakistani
society on religion have sharply divided the peoples which create problems for ease
of doing business. Pakistan political culture has many problems and may impact on
overall development of country. The difference between political systems create
disturbance among peoples, we have laws but no one act on those. Throughout the
history of Pakistan, the external powers are involved in development and culture of
Pakistan.

Imran khan point of view:

Prime Minister Imran khan is doing effective struggle in term to change the political
culture of Pakistan. Corruption is the main cause of political disorder and our
politician come in government and everyone make their own asset as well as they
can. Imran khan give hope to people to make Naya Pakistan and end this decease
of corruption from our country. They come in government with the aim of end the
corruption but question is how it's possible. When everyone corrupts and no proper
law in our country so how it's possible to end up the corruption. All the past
governments doing corruption of billions of dollars and now these peoples come us
to the stage when dollar price reach at high level and poor people difficult to
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survive. Everyone blaming each other but no one ready to accept this as they
destroy the country economy. The point is Imran khan aim to end the corruption
from country fulfilled when the culture of doing government changed. Khan should
analyze critically what is operational and what is dysfunction within the compound
of central go. Khan should analyze critically what is operational and what is
dysfunction within the compound of central government. Pakistan desperately
needs new and young educated and honest people to embrace the challenges of the
present and future-making. Pakistanis living abroad are the asset to be counted to
enhance the planned cause of political reformation and nation-building. This helps
to provide the ease of doing business opportunity.

Economy comparison of Pak-China:

Pakistan:

Decades of internal political dispute and low level of foreign investment have slow
the growth and underdevelopment of Pakistan. Pakistan has the challenging
security environment, electricity shortage and under the huge amount of loan.
Pakistan’s GDP growth has gradually increased since 2012. Official unemployment
was 6% in 2017, but this fails to capture the true picture, because much of the
economy is informal and underemployment remains high. Human development
continues to lag behind most of the region. Pakistan must continue to address
several longstanding issues, including expanding investment in education and
healthcare, adapting to the effects of climate change and natural disasters,
improving the country’s business environment, reducing dependence on foreign
donors, and widening the country’s tax base. Given demographic challenges,
Pakistan’s leadership will be pressed to implement economic reforms, promote
further development of the energy sector, and attract foreign investment to support
sufficient economic growth necessary to employ its growing and rapidly urbanizing
population, much of which is under the age of 25. But there is still hope for PTI
government that they overcome the challenges and provide environment in which
people can easily access to basic needs. Also CPEC is also very huge investment
by china in Pakistan and may change the economy of Pakistan.

China:

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China is emerging economy in the word in very less time as they struggle hard to
overcome the challenges. The Chinese Government faces numerous economic
challenges including: (a) reducing its high domestic savings rate and
correspondingly low domestic household consumption; (b) managing its high
corporate debt burden to maintain financial stability; (c) controlling off-balance
sheet local government debt used to finance infrastructure stimulus; (d) facilitating
higher-wage job opportunities for the aspiring middle class, including rural
migrants and college graduates, while maintaining competitiveness; (e) dampening
speculative investment in the real estate sector without sharply slowing the
economy; (f) reducing industrial overcapacity; and (g) raising productivity growth
rates through the more efficient allocation of capital and state-support for
innovation. China domestic consumption make the economy less depend to other
and with the huge population country they build their economy so why we are? If
we change the culture of government and come in one platform we can overcome
this problem.

Rebuilding Pakistan’s International Credibility

According to this article the author is saying about that the 2017 years was not a
good for Pakistan to standing at international level. The main reason was that the
leaders of Pakistan was not taking lesson from their mistake. The major problem
from Pakistan is that they cannot convince the international community about their
honesty in war against Taliban.so with this information Pakistan is the 3rd worst
country in the world. The most interesting parameters for the for the quality study
that researchers used to measure the global reputation of the countries the number
of the immigration checking in the airport. Pakistan are surround most of the
immigration I the world. Coming to the passport issue actually it’s calculate the
power of which a citizen have in the nation .the study is about visa arrivals and the
foreign relation of between the country of departure and arrival. In most of the
world Pakistan is the low ranks in the around the world not only in Asia

Political leadership of the foreign ministry

Foreign trade is about every transaction about the international trade of export and
import with cross the border or with another nation.as we know that every nation
have some specialize in natural resource however Pakistan has also natural
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resource but or taking the benefits like other countries ,as we know that trade is
very important for the country but country like a Pakistan has many barrier to enter
with their neighbors countries like India ,Afghanistan .on the other hand India have
very broad trade with china .trade is not only indicator for economic or profit it is
also expand the culture among the countries. Pakistan is very low ranked among all
the nation in trade even if you check the reports of the world trade organization you
will not see even mention the name of Pakistan ,so for the government of Pakistan
it is important to create a law where a individuals have access to enter at every trade
as we all know that a country like a Pakistan have more tax on their public investor
so they should decrease the some of the tax to motivate or encourage their investor
also for government they should create opportunity for the public because we the
un employment rate is very high so for control that government should take some
serious step. Recently a lot of Pakistani restaurant change their category from
purely Pakistani to purely to Indian. In the last Pakistani leader has made the
Pakistan name in very bad so many international countries don’t want to have
relation with a such country’ government should work hard to remove the
corruption from the government sets and should create and facilities to the public
because if your country have stable economic and have best leaders so every
international country will want to have a good relation with your country and will
have good trade with your countries.

Revolutionize Cyber Security Services

In the other article it’s explaining that the cybercrime is not that much high in
Pakistan like a country USA, Russia. As a country like Pakistan the internet speed
is not that much high however all developing countries have the same problem low
quality net speed they have. But the government of Pakistan create an idea to stop
the miss use of mobile card ,coming to the 2008 every individuals have access to
buy so many mobile card ,in that time it was difficult for the government or for IT
EXPERTS to Have information of all the people who are using the mobile sim
card. Because the main reason was that the not all the sim cards was registers with
the main based so it was difficult for the government to have information of all .but
now it’s quite done by the IT experts that every individual have right to buy only 5
sim cards on the biases of their nationality, so every individual will register with
the government and government will have easily access with their information. This
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action has stop so many cybercrimes and has positively effect on making peace in
the country.

Future of Cyber Security

Some big cybercrime that have found by the IT experts is sale of illegal articles,
spoofing email and password cricking. The cyber security of Pakistan is getting
better day by day to enhance the business process to daily use. Recently many banks
were hacked and they had to suffer great loss due to which to keep oneself on the
safe side. This will promote many new entrants that is manufacturers to invest
securely and free from worries.

Future of Pakistan Position in the world

The future of Pakistan is seen very bright as we can see the Gwadar port is
established which shows that more opportunities are on the line and above that the
CPEC is also under completion. The current government has many plans for the
better future for better Pakistan. The have KSA, Gulf and Russia are supporting
Pakistan to become a developed nation.

Conclusion
We are a better Islamic nation but we are just lagging behind a bit. There is a saying
It’s never too late. The hard work together of our people can make this place a better
place. Once you set the foundation you come to know when you need to reshape
the structure you created and how you can compete in future. Pakistan’s elite and
middle class have to rise to the occasion to help resuscitate the faltering economy.
Pakistanis have to pay taxes so that their government can refuse aid from others.
Unless Pakistanis demonstrate the willingness to carry their own weight by paying
taxes, there is no hope of an honorable existence for Pakistan in the community of
nations.

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References

https://hbr.org/2013/05/six-components-of-culture
https://worldjusticeproject.org/our-work/wjp-rule-law-index/special-reports/rule-law-
pakistan
https://www.scribd.com/document/394451813/First-100-Days-of-PTI-in-government-
Performance-Report
https://www.scribd.com/doc/24986331/Cyber-Crime-in-Pakistan-Research-Report
https://www.jstor.org/stable/44132410?read-
now=1&refreqid=excelsior%3A43b4f0981e0e23af99a69365b34ef48a&seq=7#page_scan
_tab_contents
https://www.jstor.org/stable/26608821?read-
now=1&refreqid=excelsior%3A54a494f3ae8a3ed9ea010b6cd2612cb4&seq=2#page_sca
n_tab_contents
https://www.dawn.com/news/695692

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