Pakistan's economy is the 27th largest economy in the world in terms of purchasing power, and the 48th largest in absolute dollar terms. Pakistan's economy mainly encompasses textiles, chemicals, food processing, agriculture and other industries. The economy has suffered in the past from decades of a fast growing population and mixed levels of foreign investment. However, improvement in government policies aided by foreign investment and renewed access to global markets, have generated solid macroeconomic recovery in the last decade. Substantial macroeconomic reforms since 2000, most notably at privatizing the banking sector have helped the economy
Most macroeconomic reform projects are monitored by the government, so tenders are called to fulfill the requirements. The role of newspapers has always been very important since all the major tenders are published in daily newspapers. There are more then 100 newspapers in Pakistan. However for the contractors and suppliers it has always been a time consuming hard work to find their relevant tenders from several newspapers and still take the risk to miss the tender if the tender was published in some newspaper which they overlooked.
Textiles
In order to overcome this difficulty many tender information services started since 1954 in different cites of Pakistan. They served the purpose to provide relevant tender information to the contractors for development projects and it was because of the continuous efforts of these tender information providing companies that tenders worth billions of dollars were able to reach contractors to participate timely in the tenders thus giving a boost to the economic development of Pakistan.
The tenders were usually delivered by courier services, which due to unavoidable circumstances some times delivered late, resultantly the contractors missed their tenders again!In this scenario a few online tender information services started in Pakistan since 2004 which are providing tender information to their client through email and mobile alert. The subscribers can also access the tender of their required category on the web any were any time. In this way the chances of tender missing has reduced dramatically and now the contractors can timely respond to the tenders.In this regard these websites are contributing a lot in the economical development of Pakistan by providing relevant and timely tender information to their subscribers.
The Evolution of Tender Services in Pakistan
Dr. Irfan Ahmad is the Chief Editor of http://www.tenderserviceonline.com and CEO Tender Service Pakistan.He has twenty years of experience in providing tender information services to the clients. He has written two books on tendering by the name of "Managing Tender Business" and "Combating Procurement Frauds".
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