Pakistan, Feb. 2 -- Globalization has significantly reshaped Pakistan's economic landscape, creating a complex interplay of opportunities and challenges for local industries. As markets become more interconnected, businesses in Pakistan have gained access to international markets, driving growth and innovation. However, this interconnectedness also subjects them to competition from global players, compelling local enterprises to adapt strategically to thrive in this evolving economic environment.
One of the primary effects of globalization is the intensified rivalry with foreign firms, especially in industries like textiles which is an integral part of Pakistan's economy. Even though the international markets have opened up for the Pakista...