
Dynamic creative industries are tools for inclusive economic and social development, creating jobs, improving skills, reducing inequalities, and improving quality of life and well-being. In this increasingly globalized world, Pakistan possesses a unique opportunity thanks to both its established and emerging creative sectors. Among other sectors, performing arts has undergone many highs and lows. The performing arts industry in Pakistan has enormous potential, but the regulatory environment in which it operates has to better reflect the sector’s requirements. However the current arrangements do not give this sector the flexibility, it requires to realize the potential. The legal framework which governs issues like structure, tax, copyright, and host of others, does not accurately reflect the reality of these businesses; as a result it runs the risk of becoming a story of missed opportunities, when it could actually be a win-win situation for both economic and social development