Waste Management entrepreneur

Pakistan generates nearly 56000 tons of solid waste daily in urban areas only, and it is increasing at the rate of 2.4% annually. This solid waste is an opportunity for entrepreneurs.

This waste can be recycled, used to produce liquefied petroleum products, or electricity.  There are advanced waste-to-energy conversion technologies that are commercially viable and sustainable. Presently Fauji Cement Company is using municipal solid waste to produce electricity.

Garbage is not only a cheap source of producing electricity but it can also be used to produce fertilizers. It is profitably being converted to fertilizer by an entrepreneur from Lahore.

Asif Farooqi is a green entrepreneur. He is CEO of waste buster, a waste management company. He is the pioneer of the waste management business in Pakistan.

Some years earlier he started with 6 donkey carts that collected waste from house to house. Now his business waste buster has 200 garbage collection vehicle and employees 3000 people. His business is not only about making money but also conserving environment as well.

Mr. Farooqi informed in a report of al Jazeera that what started from six donkey carts has become a business employing three thousand people and all this money is generated from waste. His men collect garbage and other waste from narrow streets of Lahore and deliver to factory through garbage collection vehicles. His waste management plants separate garbage into organic, plastic and metals to produce liquefied petroleum products, and fertilizers for farmlands. 

Asif Farooqi holds masters degree in environmental engineering from northwestern university, USA with specialization in waste management. He has more than 20 years of experience in the field of environmental engineering. His company waste buster is based in Lahore. Many contracts have been won by the waste busters in Karachi and other cities of Pakistan.

 related links.

dawn

south asia investor review

al Jazeera

Pakistani people in private equity industry.

Private equity represents a class of investors, their funds, and their subsequent investments, which are made in private companies or public companies with the goal of taking them private.

Below are some notable Pakistani people from private equity industry around the globe.

1.      Riaz Siddiqi is a Founder and Managing Partner of Denham Capital, a private equity firm that manages over 4 billion dollars and invests in the commodity and energy sectors globally.

2.      Faysal Sohail is a venture capitalist and has served as a General Partner at CMEA Capital since 2002. 

3.      Wahid Hamid is a Senior Partner at Abraaj Capital and Head of Portfolio Management and Operations Group.

4.      Dr. Moeen Qureshi - Chairman of EMP Global, a multi-billion private equity fund; Former Prime Minister of Pakistan; Former CFO of World Bank

5.      Arif Naqvi is founder Abraaj Capital, a leading private equity firm that invests in Middle East and North Africa.

6.      Aamer A. Sarfraz is founder of Indus Basin Holding, a developer of agribusiness projects in Pakistan.

7.      James Caan is also the founder and currently CEO of the UK-based private equity firm Hamilton Bradshaw

8.      asad zain Founding Member at Manara Equity Partners

9.      Abdul Hafeez Sheikh, General Partner New Silk Route Partners (a private equity firm that invests in Asia and middle east)

10.  Sardar Sherazam Mazari. In May 2009, he established Rojhan Capital as Managing Partner, which is an investment and management company focused on Pakistan.

11. Asad Jamal of ePlanet Capital is global venture pioneer. He has offices in Asia, Europe, U.S. he led investments in many hi-tech firms including Baidu ( China’s google), HiSoft (information technology and business process outsourcing company headquartered in China), median technologies (cancer detection company based in France), SiliconFile Technologies(chips for cell phones and cameras, South Korea) 

Related Link
asad jamal
moheen qureshi
arif naqvi
indus basin holding
sardar sherazam mazari

How much do Pakistani cricketers earn?

According to Najam Sethi, former chairman Pakistan Cricket Board, the board has earned 800 million rupees profit for year ended 30 june, 2014.

But salaries and bonuses of cricketers is nowhere near to what board has earned.

Salaries and match fees according to categories is shown in following table.

Category	Salary per month (PK RUPEE)	Test match fees ( PK RUPEE)	ODI fees (PK RUPEE)	Twenty twenty fees (PK RUPEE)
A	449,218	400,000	300,000	125,000
B	314,452
C	179,687
D	89,843

Category A include Misbah Ul Haq, Muhammad Hafeez, Saeed Ajmal, Shahid Afridi, and Junaid Khan..

Category B includes Younus Khan, Ahmed Shehzad, Umar Akmal, and Umar Gul.

Category C includes Asad Shafiq, Azhar Ali, Adnan Akmal, Khurram Manzoor, Nasir Jamshaid, and Abdul Rehman.

Category D included Sohail Maqsood, Sarfaraz Ahmed, Bilawal Bhatti, Sharjeel Khan, Zulfiqar Babar, Fawad Alam, Ehsan Adil, Mohammad Irfan, Wahab Riaz, Raza Hassan, Umar Amin, Harris Sohail, Rahat Ali, Shaan Masood, Mohammad Talha, and Anwar Ali.

Earlier Shoaib Akhtar said “I was an elite star, still after playing for 14 years; I only made seven to eight crore rupees.” 

"I made seven to eight crore rupees" Shoaib Akhtar

Seven crore rupees translate to 750000 US dollars approximately. This is a small amount when compared with what cricketer from other countries earn. According to the report, which compared the earnings of cricketers from different countries, Pakistani cricketers earn amount roughly equal to UK average wage. According to this report published during 2010 central contract earnings of Pakistani players at that time was 22500£ per annum, per player. The trend around the globe has been changed players are now paid a percentage of board’s annual earning.

Pakistan cricket board should not only take care of international cricketer but also should pay attention to domestic cricketer players. Although Pakistan premiere league can prove to be a ray of hope for these players as well as many aspirant cricketers.


related links

comparison of cricketers' earning.

Shoaib Akhtar on earnings.

Textile Industry and Foreign Exchange Earnings.

Textile industry is Pakistan’s largest industry. It employees nearly 15 million people out of about 49 million workforce. Its share in GDP of the country is 8.5%. Majority of Pakistan’s exports are textile products and are exported to EU or USA. Pakistan’s share in international trade of textile is less than 1%.

Textile industry is a low tech industry. Companies involved in this sector do not pay much attention to research and development.

As a result of its being low tech., there is a strong competition among developing countries for the textile markets of the developed world. This makes these countries vulnerable to any fall in demand in the developed world. There are strong trends of deteriorating terms of trade against textile dependent nations. As these countries generally import machinery while export textile products.

The low ability of textile industry to earn foreign exchange leads them to have huge volumes of external debts. The instability of their currencies makes the situation worse by increasing the debt burden of these nations. As a result, balance of payment difficulties and huge fiscal deficit become a frequent problem for these nations.

The balance of payment and fiscal deficit problems leads them to borrow more from external donors. This borrowing hinders the economic growth of these countries as these loans have to be repaid. These underdeveloped countries have huge workforce which needs job opportunity. Lack of economic activity creates unrest among masses. This undermines the democratic process of these countries and military has to intervene from time to time. This happened in Pakistan, turkey, Bangladesh, Indonesia etc. 

Pakistan has one of the largest diasporas of the world.

The population of Pakistani Diaspora is more than the population of many countries. There are approximately 7 million people living overseas.

These people include world class professionals. Many doctors, engineers, business managers, etc. are working in different countries. Pakistan has world’s best doctors. They are serving in almost all countries of the world.

Pakistan has some best centers of higher education although they are few in numbers. These institutes include Ghulam Ishaq Khan Institute of science and technology, NUST, NED, IBA, LUMS, etc.

Expatriates serving in United States, United Kingdom are entrepreneurs, executives and other successful professional while those serving in Middle East are generally laborers. Rich expatriates are living overseas with their families while those less affluent are living alone. Pakistan receives enormous remittances especially from Middle East countries as expatriates from these countries send money to their families. Middle Eastern countries do not allow naturalization.

In European countries and in United States, it is estimated that half of Pakistanis have received their nationality. There are second and third generations of Pakistanis living there. These Pakistanis have learned a lot about foreign cultures and are increasingly intermingling with the local people from those countries.

Pakistan can export more man power to Middle Eastern countries as well as other countries facing shortage of manpower. There are many countries whose work force is shrinking owing to ageing of their population like Italy, Australia etc. and Pakistanis can benefit from opportunities in those countries. Although Pakistanis have to face stiff competition from china and India as both have huge population and have good standard of education. The increasing competition can only be faced by increasing the higher education spending as well as excess of higher education to more people.

 related links.

wikipedia

Saltflow, Inc.

Saltflow, inc. is a conglomerate and has stakes in diverse fields. Saltflow was founded in 2005 by Arif Ayub, a Pakistani national. This group is based in Dubai, UAE.

Saltflow has annual revenues in excess of $570 million annually. Group is involved in a number of fields including construction industry, trade and retail industry, and technology industry. Group has expanded its presence to North America through acquisitions.

Group’s technology business is heavily centered in Russia and controls internet companies primarily targeted at mobile and financials solutions for consumers.

In North America group has stakes in retail and trade sector. Group has invested huge amounts in retail brands and is expecting good returns.

Group also has stakes in construction industry.

Presently group provides employment to more than 500 people.

related link 

Saltflow, Inc.

Asia Pacific millionaires

Asia pacific has surpassed North America in largest number of millionaires. According to the Asia pacific wealth report 2012, a product of capgemini and RBC wealth management, there are 3.37 million millionaires in the region. This number surpasses that of North America, the land of largest economy.

According to the report the total combined wealth of all millionaires in the region is 10.7 trillion us dollars.

The report attributed this growth in number of millionaires to two factors.

1. healthy GDP (gross domestic product) growth
2. strong base of entrepreneurship

In past few years Asia pacific has grown significantly. The world’s fastest growing economies are china and India both situated in the region and both are growing significantly for more than a decade. According to the report Asia pacific economy, excluding Japan, is expected to grow 6.1 percent in 2012 and 6.6 percent in 2013. These high figures are expected to be driven by growth in Indian and Chinese economies.

This high growth number of millionaires has led to high demand for wealth management services. And wealth management companies are facing acute shortage of wealth management professionals. 

related link 

capgemini

Success achieved by Pakistani bloggers.

Income diary has a post named ‘20 top blog sales’ that has a list of blogs that were sold for millions. In recent past a name of Pakistani blog appeared in ‘top earning blogs’ on incomediary. According to incomediary Saad Hamid’s blog Sizlopedia was making 11000 us dollars per month.

Blogging has become common in Pakistan and there are many successful bloggers in Pakistan. Recently another success has been achieved in this area by Pakistanis. Gagism.com, a humor blog, co-founded by Farrukh Zafar and Salman Saeed, has been acquired by an Australian firm for rupees 10 million (105000 us dollars approximately).  Presently gagism has a team of 6 members including two founders. 

related link
propakistani

Founded by former income tax oficer

Interwood Mobel is Pakistan’s largest producer of wooden furniture. Interwood Mobel is founded and run by Farooq Malik, who is a former government employee at FBR. Interwood is manufacturer and retailer of furniture and owns retail outlet in many cities of the country. Presently this company is running 6 show rooms in Lahore, Karachi, and Islamabad. Nearly 1500 people are working for this company. Presently interwood is working with international household company Ikea. According to Farooq Malik profit margin is low but his company is learning a lot from Ikea.

The lifestyle of Interwood Mobel owner resembles that of Ikea owner Ingvar Kamprad. He lives in a rented house and owns an old car. He frequently attends exhibition in different countries and according to him he learns from these events. He is impressed with the creativity of Italian people.

Interwood Mobel was started when Mr. Malik was removed from government service. He started by making television cabinet, and then converted to manufacturing wooden doors. Meanwhile he was reinstated in previous job by government. After his retirement from government service as a 22 grade officer he started focusing on his business. Now his other family members have also joined him in this business.

Tariq Farid, Pakistani American entrepreneur

Tariq Farid is a Pakistani born American. He started his entrepreneurial career at an early age, by successfully managing flower shops. His latest started venture is Farid Capital Corporation that helps franchises buying equipment. Farid is a serial entrepreneur. Besides starting Farid Capital Corporation he is also operating an international franchise business by the name edible arrangements. Edible arrangements was started by Tariq along with his brother in 1999. His edible arrangements boasted revenues of 195million us dollars in 2008, and owns 883 franchises internationally.

His other entrepreneurial ventures are related to software. He created Netsolace, which is a software company and specializes in providing software to franchise industry.

Farid attribute his success to his business philosophy. According to him his success has come from paying attention to often overlooked details such as website, order tracking and follow-up customer service, the logo and branding, and employee training.

Farid has been recognized as an entrepreneur of the year by international franchise association in 2009.

related link 

wikipedia

tariq farid

Netsol, software company from Pakistan

NetSol is a Pakistani software company. It was a small company started by three brothers in Lahore with 5 people. But now it has been registered at NASDAQ USA and employees more than 800 people. NetSol technologies is only company in Pakistan to have focused on certification. It is one of the hundred companies which have acquired CMMI level 5 certification. This is one of the reasons of its success because consumer is short of time and can trust the product developed by certificate companies.

NetSol technologies begin its operation in 1995 and got a major break through in 1996 when it got first major offshore contract with Mercedes Benz, Thailand. Since then it is receiving orders from many international clients.

Its product achieved world wide acclaim and some of its products are NetSol financial suit, e-CIB (electronic credit information bureau), etc. NetSol technologies has offices in different countries including United States, United Kingdom and Australia. It's headquarter is in California USA. In 2008 it has earned revenue of 37 million us dollars.

related link 

wikipedia

propakistani 

 

ENTREPRENEURSHIP AND BENEFITS TO SOCIETY

Sadruddin Hashwani is a Pakistani billionaire. According to information available on the internet he has a net worth of 1 billion us dollars. He owns many five star hotels including world famous Marriott hotel Islamabad. He also owns stakes in many other businesses. He provides services to many people by offering staying facilities to many delegations foreign as well as domestic. His businesses also include oil and gas exploration and Production Company. He provides employment to many people directly and indirectly.

There are many other businessmen who provide employment to many people. Many overseas Pakistanis also have invested heavily in Pakistan like Sir Anwer Perwaiz. His Bestway group has invested in banking and cement manufacturing sector. His businesses also employees many people. Along with providing employment, his business produces products that are exported to many other countries. Cement manufactured by his plant is exported in huge quantity to Malaysia earning heavy foreign exchange.

Alsher Fiyaz is another expatriate Pakistani who is the founder of alfi investment and his company has stakes in shipping and retailing industry. His brother Javed Fiyaz is involved in many charity projects in Pakistan. Fiyaz family has an estimated net worth of 3 billion pounds.

Entrepreneurs generate opportunities for employment and earning foreign exchange. They produce goods and services for consumption inside and outside our country. So in regard to these services they should be respected by community and Government should facilitate entrepreneurs, as entrepreneurship is engine to economic growth.

Internet Business

Recently Facebook went public. Its value is above 100 billion us dollars. There are many internet companies that went public and are enormously valued. But still majority of internet companies are private. Majority of these companies are built by people aged less than 40, like Mark Zuckerberg. Well known Cook family has started many internet businesses including the myYearbook. Internet offers enormous opportunity to entrepreneurs.  The fact is that internet has given rise to the global economy that has no borders. You can provide your services to different people of the world, belonging to different continents.

The best side of internet business is that there is practically zero marginal cost in this business. Secondly you do not need heavy infrastructure like transport, rails and roads, etc. this offers remarkable opportunity to entrepreneurs from third world countries. Monis Rehman is one such entrepreneur who started Rozee. It has been estimated to be worth more than 600000 us dollars. Scrybe Founder Faizan Buzdar has also made use of internet.

Pakistanis in retail and wholesale sector worldwide

Pakistan is 6^th most populous country in the world. This country is having huge growing middle class. Size of retail and wholesale market is above 40 billion us dollars per annum. To benefit from this huge sector many international retail and wholesale companies have moved in Pakistan. Metro cash and carry, makro, hyperstar etc. are some names that are active in Pakistan’s retail and wholesale sector. 

Although Pakistan has huge retail sector, but still Pakistan has not produced any international chain of supermarkets. The size of majority of retailers is small and competition among them is tough. Retail sector contribute very little to state exchequer despite having a large share in GDP. Total contribution to state exchequer is approximately 125 million rupees while 50 million is contributed by canteen store department, chain of retail outlets managed by defense ministry.
Pakistan has huge diaspora. nearly 7 million Pakistanis are living in different countries of the world. there are nearly 1 million Pakistanis in united states. In United Kingdom nearly .7 million Pakistanis are living.

Many Pakistani businessmen abroad are involved in retail and wholesale business. This is because Retail business doesn’t needs a person to have any experience or specified level of education. Many Pakistani owns convenience stores abroad. The US convenience store market is monopolized by Pakistanis and Indians. In United Kingdom many Pakistanis are active in retail and wholesale sector. E.g. Pak supermarket is owned by Khalid Hussain. United wholesale grocer was owned by Muhammad Sarwar and his brother Muhammad Ramzan. Sir Anwer Pervaiz owns Bestway cash and carry. Najib Khan owns food retailing business in United Kingdom. Syed Qamar Reza owns 12 outlet of retail24 in United Kingdom.

Pakistanis are not only active in retail sector of USA and UK but also Middle Eastern countries. Abdul Razzaq Yaqoob owns chain of jewelry outlets. He also has started ARY cash and carry.

industries produced Pakistani billionaires

According to Forbes technology is the sector that has produced highest number of billionaire in United States after investment. The leading sector in the rest of the world according to Forbes is investment while fashion and retail ranks second.

GlobalTop 10 Industries Producing Forbes Billionaires

1. Investments: 143
2. Fashion & Retail: 123
3. Real Estate: 102
4. Diversified: 97
5. Technology: 90
6.  Manufacturing: 85
7. Energy: 78
8. Finance: 77
9. Food & Beverage: 69
10. Media: 64

Pakistan has a list of rupee billionaires, although completeness and correctness of this list is doubted. Although it is difficult to know which sector produced how many billionaires in Pakistan. But it can be seen from the list that majority of Pakistani billionaires come from diversified, textile and fashion, investment, landholdings, overseas business and media.

Big business houses in Pakistan used to invest in diversified sectors to manage risk.

Pakistan has huge textile and fashion industry and is growing at a high rate. Many fashion designers have started doing business on a global scale. Names like Maria b. Hassan Shehryar Yasin etc are having retail outlet around the world and their clients include many rich and famous people including family members of royal families. Fashion retail outlet like Chenone is having its retail outlets in different cities of the world.

Pakistani stock exchange is best performing stock exchange in the world. It has generated good returns for investors. Many international investors are also investing in Pakistan’s stock exchange. Pakistan has many mutual funds which provide opportunity to household investors to invest in stock exchange.

Pakistan has large land holdings since the colonial era and families manage to keep these large land holdings in their own families through inter-cousin marriages.

Many Pakistani billionaires have got their massive wealth from overseas business and investment in other countries. Sir Anwer Perwaiz is one such billionaire who got his wealth by establishing bestway group in UK.

Media is another such area where Pakistani billionaires have stakes. Jang group owned by Mir family is well known to have earned their wealth from their media business. Electronic media is a recent entry in this field As Pakistani government started issuing licenses to private television channels.

Fiyaz family, Pakistani billionaires

Alshair Fiyaz and his brother Javaid Fiyaz are two Pakistani investors. Fiyaz family is estimated to be billionaire and has estimated wealth of 3 billion pounds. Fiyaz family has mainly earned their fortune from textile industry and shipping.

Alshair Fiyaz is the founder of ALFI investments, a buy-out company. Through ALFI investments.  ALFI investments hold stakes in shipping business, retailing, financial services, and commodities.

ALFI operated Illum department store and then sold it to a private equity firm MGPA. Alshair Fiyaz was also bidding for peacock fashion retailer, but later changed his mind and abandoned the rescue bid for fashion chain.

In 2009 ALFI acquired Novum Securities, a UK broking organization.
Alshair Fiyaz was also founding director of real estate firm Iron House Limited.

Javed Fiyaz, is a young entrepreneur having interests in real estate, shipping, oil and gas, commodities, mining and consumer goods. He is based in U.K.
He is presently working for Iron House Limited.
He also works for education and health in Pakistan through his charitable trust named Javed Fiyaz Charitable Trust. This trust was established to help victims of earthquake, that struck Pakistan in 2005.

Yachting
Recently Alshair Fiyaz purchased yacht which was formerly owned by H.H. Muhammad Al Zayed
Al Nahyan. Name of his yacht is Ecstasea.

Pakistani American on forbes list

Forbes has issued list of billionaires 2014. According to Forbes there are 1645 billionaires in the world. This is the all time high number of billionaires according to the Forbes magazine. the total aggregate wealth of these billionaires is 6.4 trillion us dollars.
Shahid khan, the Pakistani born american billionaires has been estimated to be worth 4.1 billion dollars.  He has been ranked 367th richest person in the world. Shahid Khan is the owner of Flex-N-Gate, an automobile parts manufacturer. He is also the owner of Jacksonville jaguars of the National Football League. in july 2013, he acquired premier league football club Fulham for estimated 300 million us dollars. His name has also been mentioned in rich list Pakistani expatriate.

Shahid Khan was born in Lahore, Pakistan. He went to United States at the age of sixteen for studying. He has Bsc in mechanical and industrial engineering.
His company Flex-N-Gate has 12450 employees and 48 manufacturing plant. In year 2011 Flex-N-Gate has 3 billion us dollars in revenue.

Shahid Khan is married with Ann Khan and has two children Shan Khan and Tony Khan.

Related links.
Shahid Khan forbes list
Shahid Khan Wikipedia

Pakistan's retailing industry big names

Pakistan’s retail market is estimated at over $42 billion a year. There are many international names in our retail and wholesale sector including metro, makro etc. There are many national brands as well that are busy in retailing business. Names of national retail businesses are given below along with brief introduction.

Canteen store department

Canteen store department is a chain of retail stores all over the country. This chain is run by Pakistani ministry of defense for the purpose of welfare. CSD sells a wide variety of products. Generally these are purchased in bulk by CSD and sold at concessional rates. Now CSD is open to all citizens of Pakistan but previously it was open only to government employees especially members of armed forces. Currently there are more then 100 shops owned and managed by the department.

RAHAT bakers

Rahat is a chain of bakeries in twin cities. There are 5 bakeries in twin cities of Islamabad and Rawalpindi. All 5 bakeries are owned and managed by noon brothers.

Savour foods

Savour is a chain of food retail outlets selling primarily rice dishes.

Gourmet bakers

Gourmet is a retail chain of bakeries. There are over a 100 stores in Lahore.

Bareeze

It’s a high-end fashion retailer. It is the chain of retail stores across Pakistan, India, UAE, Malaysia, and United Kingdom.

Chenone

Chenone is Chain of fashion stores having 20+ stores in Pakistan and Middle East. Chenone offers fashion clothing, foot wear, bed linen, kitchen accessories, and furniture.

Imtiaz supermarket

Imtiaz supermarket is a chain of supermarket in Karachi serving 60,000 to 70,000 people per week. Currently there are two supermarkets in Karachi with plans to grow further.

Naheed supermarket

It is another supermarket targeting middle class just like imtiaz supermarket. This supermarket attracts nearly 4000 customers daily.

Greenvalley supermarket

Greenvalley is a high-end supermarket chain, recently started by bahria town (pvt.) Ltd.

Sauda sulf

Sauda sulf is a chain of departmental stores in twin cities of Islamabad and Rawalpindi. Presently it has two flagship stores located in F-11 markaz, Islamabad and another one in chaklala scheme-3, Rawalpindi.

Pace shopping mall

Pace has 5 branches in Lahore, 1 in Gujrat and 1 in Gujranwala. Pace is owned by Mrs. Aamna Taseer, widow of slain governor Salman Taseer.

Cosmo
cosmo express and cosmo cash and carry are two types of retail outlets owned by sohrab group.

Pakistani movies entrepreneur

Shoaib Mansoor, very creative Pakistani film director, writer, and producer. He had produced many dramas for Pakistan television in the beginning of his career. He had written, directed, produced drama serial ankahi, fifty fifty, alpha bravo Charlie, sunehredin and gulls &guys. Alpha bravo Charlie and sunehre din were about military life in Pakistan army and were produced in collaboration with ISPR. He was the man behind vital signs. He was the mentor of junaid jamshaid, lead singer of vital signs.

In 2007 movie khuda kay liya was released. It was written directed produced by Shoaib Mansoor. The cost of movie was 1 million USD i.e. 60 million rupees at that time. Traditionally films in Pakistan costs rupees 3 to 5 crore i.e. half a million dollar.

This movie proved instant success and did business of 2.5 million us dollars.

In 2011 another film bol was released under the banner of geo films. This movie broke all the records of highest earning films in Pakistan. Within is 6 days of its release, it earned rupees 62.792 million rupees. Sahara one network acquired seven years satellite rights of this film for rupees 70 crore i.e. nearly 10 million USD.

Shoaib Mansoor is presently working on another project. He has earned money by providing good entertainment. His films and dramas are not only entertaining but also educative. Shoaib Mansoor or Shoman as he calls himself is a real genius of Pakistani business.

From small broiler farm to an empire

In his college days, when other students were dreaming of huge salaries, beautiful life, he saw the demand and filled it. He is the true entrepreneur. In 1964 he started a small broiler farm of 1000 chicks. This was a patriotic act by this daring entrepreneur to fulfill the protein needs of his fellow men and women. His first flock was reared in a spare shed at his family’s edible oil business. This small initiative of Khalil Sattar later became K&N chicken.

K&N chicken a name trusted not only by Pakistanis but also by many foreigners. K&N stands for the name of Khalil and his wife. Halal certified chicken is not only supplied to Pakistani consumers but also too many other countries. Many international food outlets, in Pakistan, purchases slaughtered chicken from K&N chicken. K&N not only incubates and grow chicken but also slaughter according to Islamic method. The whole process from breeding to serving chicken is carried on by K&N, to make sure that consumer get the healthy and clean food.

The company is also exporting chicken meat to other countries. But it has to face tough competition from subsidized meat from Europe. The company is doing well in value addition to remain competitive.

Pakistan presently has nearly 387 million poultry and quality of Pakistani halal chicken is best in the world. To enhance productivity of Pakistani farmers K&N has also introduced another breed of chicken i.e. Cobb 500 in Pakistan. This breed has resulted in superior performance on low density rations, lowest feed conversion ratio, highest growth rates, highest livability, most feed efficient, best broiler uniformity and competitive breeder performance. Cobb 500 is most widely used breed around the world.

About some nontraditional export industries of Pakistan

Surgical instrument industry

Pakistan has hundred years old surgical industry. It began when some British doctors got their instruments repaired by local skilled people. Today Pakistan has 8^th largest surgical instrument industry in the world. Pakistan manufactures more than 10000 types of surgical instruments. Instruments manufactured in Pakistan are famous for their quality and are equivalent to that of manufactured in Germany. Pakistan exports most of locally manufactured surgical instruments. Pakistan exports 250 million us dollar worth of surgical instruments that fetch low price owing to lack of branding. Pakistan manufactures 100 million such instruments every year and export to 140 different countries.

Fan industry

Pakistan has 12^th largest fan industry in the world. Pakistan manufactures 8 million fans per annum and export to 50 different countries. Pakistani fan industry provides employment to 100 thousand people. Pakistan exports fan worth of 30 million us dollars per annum.

Information technology industry

Pakistan is performing very well in this industry. IT exports are predicted to grow to 20 billion us dollars in 2020. Presently IT industry provide employment to .15 million people. Pakistan has nearly 1000 local software companies.

Footwear industry

Pakistan is 6^th largest footwear manufacturing country in the world and exports 11 million us dollar worth of footwear annually. Leather from sacrificial animal is life line for this industry. It provides employment to 1 million people.

Philosophies that built business empires

Gucci family

“Quality is remembered long after the price is forgotten.” - Gucci Slogan

W Clement Stone
“positive mental attitude” and “others people money”

Dhirubhai Ambani  

“Profit we share and all loss will be mine”

Maria b

“Provide fashion with affordability”

Sir Richard Branson

"Have fun and the money will come."

Stephen Jarislowsky

“Do no not behave like others when you are not convinced by them.”

Kazuo Inamori

“Make employee happiness the primary job of corporate management”

Sam Walton's 10 Commandments
1. Commit to your business.
2. Share your profits with your associates and treat them like your partners.
3. Energize your colleagues.
4. Communicate everything you possibly can to your partners.
5. Appreciate everything your associates do for the business.
6. Celebrate your success.
7. Listen to everyone in your company.
8. Exceed your customers' expectations.
9. Control your expenses better than your competition.
10. Blaze your own path.

Venture capital and Pakistani information technology industry

Venture capital is financial capital provided to early stage, high risk, high potential, Growth start up companies. Venture capital is a branch of private equity. Venture capital funding was the main reason for the success of many internet companies. United States of America grew venture capitalists because of which Silicon Valley is what it today is. Another country is Israel that fostered its venture capital industry by providing many incentives to venture capital investments. Today there are as many as 70 venture capital funds in Israel and 220 international venture capital funds that actively invest in Israel. Israel’s thriving venture capital industry is the force behind booming high-tech industry.
According to many studies venture capital backed firms produces more jobs, and grow faster in revenue and exports.
Pakistan currently does not have enough private equity venture financing. Government can help venture capital investment by providing incentives to venture capital firms, government of Pakistan can also take initiative like what Israeli government took in 1993. Israeli government started “yozma” program. According to this program government offered many tax incentives as well as offered to double any investment with funds from government.
Pakistan has 20.43 million internet users in 2009 according to world factbook. The growth rate of internet users is one of the fastest in the world. Pakistan has huge potential for starting up internet companies. Till now Pakistan has many successful internet companies including rozee.pk, naseeb.com, tradekey.com, kalpoint.com etc.
Venture capital firms should grab this opportunity of investing in high-tech Pakistani companies as Pakistan has huge population. Although Pakistan has small proportion of skilled man power but still skilled man power is more than population of many European countries. There are many success stories of venture backed Pakistani firms like rozee.pk, 2B technologies, yEvolve limited, applicationXS limited, post amazers limited. Technology companies can also get funding from international venture capital firms like what rozee.pk did.