How the rich managed to remain rich

The upper two percent population of Pakistan owns 98% of resources while the rest of 98% have 2% resources. The wealth of these rich individuals and rich families remain in their families. Some Rich families deliberately manage to do so by many ways. Below are these methods and tricks

Intermarriages

There are customs of inter cousin marriages among many families. If marriage is taking place outside family even then rich parent like to marry of their children in the families having the same social standing.

Inheritance

Rich parents produce rich children because rich children inherit from their parents. In many feudal families land holding is deliberately held within family.

Higher education

Good education generally mean good job and good job means huge salary and wealth. Affluent families make heavy expenditure on the education of their children. As a result of good education they have high worth in market.

Entrepreneurship

Generally wealth is produced by entrepreneurship. Children of entrepreneurs are more likely to start business then the children of non entrepreneur parents.

Psychological built

Some life skills are also inherited from parents. Children of optimist parents are likely to be optimist. And according to numerous studies an optimist is more likely to be wealthier with the same level of earnings.

Traditions

Traditions among families are also one reason of wealth being held in rich families. Family culture of saving and investing trading and giving charity all add to the wealth ness of families.

Family pressure to hoard land

In many feudal families land is not divided to keep the political power undivided. This gives them opportunity to wield more political power. Many feudal lords don’t marry of their children to other families for risk of losing the grips over land which is a tool to gain access to political power.

Businesses of some pakistani celebrities.

Waseem akram

Waseem akram, the sultan of king, owns reebok franchise. He is found of luxury cars.

Inzmam ul haq

He is busy in looking after his construction business. He is also going to establish halal food business, in dubai, by the name ‘meat one’.

Junaid jamshaid

Junaid jamshaid owns fashion designer wear outlet for men and women.

Imran khan

He earns by writing in international newspapers, appear as commentator on different channels.

Reema khan

Partner in Lahore zoo.

Javaid mian dad

He has invested in cable television network along with a partner

Zohaib hassan

He owns a construction business

Shahid afridi

He belongs to a business family, owning several businesses including automobile, transport, sacrifical animals etc.

Saba faisal

She is a dress designer

Sidra iqbal

She is the founding managing director of statuspro, a public relation firm.

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.

16 great ideas for paksitani entrepreneurs

There is enough scope for entrepreneurship in worst situations
Today I am going to write about some great business ideas.
Biogas plant
As there is going shortage of natural gas and other energy resources, starting a biogas business can be very successful. Input is animal manure that is easily available.
Data centre
As the cost of maintaining the data is increasing because of electricity shortage, more and more companies want data center to manage their data. Although data center industry is in its initial stages but there is huge opportunity for entrepreneurs.
Dairy farming
Although Pakistan is one of the largest milk producing country in the world but still productivity per animal is low as compared to developed countries standards. By simple techniques productivity of animals can be enhanced. There is huge gap between milk produced per cow in United States and milk produced per cow in Pakistan. In United States on average a cow produces 9 liters of milk per day whereas in Pakistan average milk production per cow per day stands at 1 liter per day. So this indicates huge opportunity for Pakistani agricultural entrepreneurs.
Halal food
There is dazzling opportunity for Pakistani entrepreneurs in this field. Halal food market globally is estimated to be 3 trillion us dollars per annum. Pakistan can easily get 10 % share of this global market which amounts to 300 billion us dollars. Poultry industry is growing. Entrepreneurs only need to get halal certificate. Many seminars are being done these days on halal food business.
Wind turbines
As country is facing acute shortage of electricity and Pakistan has plenty of sights where wind farms can be set up for production of electricity. There will be going demand for wind turbines in near future and production of wind turbines can be very lucrative.
Internet business
Day by day internet population is growing in Pakistan. Companies are allocating more of there budget to online advertising. Internet marketing is going to be in great demand within few years.
Wind energy
By ever increasing demand of electricity alternate energy sources have become important. Cheap electricity can be generated by establishing wind farms.
Second hand mobiles and automobiles
Business can be built around second hand cars and mobiles. Guarantee about quality needs to be given. With rising cases of theft and robbery guarantee and assurance that the product is not robbed one can be compelling for the customer.
Islamic fashion designing
Pakistani fashion designers till now have remained successful not only inside Pakistan but also abroad. Pakistan can tap into 80 billion us dollars Islamic fashion market.
Sunglasses line
Pakistani fashion designer have Paid attention to footwear and clothes but very little attention has been paid to sunglasses. Sunglasses line can be very successful. It can be started with small investment.
Traditional food restaurant
With decreasing availability of natural gas in homes, restaurant business will thrive. More and more ladies are going to be working in offices so demand for ready made food will increase.
Medical insurance
Medical treatment has become costly. To provide medical facilities to Pakistani public medical insurance can be very good business. Middle class can pay for medical insurance.
Hospital chain
Private hospitals provide medical services but are very expensive. If a private hospital chain can be set up offering membership for a subscription fee. Many people will pay for it.
Wood for construction
As Pakistan has extreme climate in many regions. In order to keep houses cool in summers and warm in winter Pakistani people make huge expenditure. If wood is used in construction a considerable amount of energy can be saved. As wood is not a good conductor, houses built using wood can save huge expenditure on energy.
Broadband reseller
Broadband internet is not available to many remote areas. Reselling broadband areas can be a good idea.
Supermarkets
We do not have enough super markets. Discount markets especially in rural areas can be successful, provided a mechanism for payment can be developed for rural people, as they can pay in harvest only.
Creative businesses
Gone are the days when natural resources are the main determined of wealth production. Now the real determined of wealth of countries and individuals is creativity. We see j. k. Rowling making millions from writing. Films and TV productions have become a huge industry. Pakistan has many production houses running successfully. But still Pakistan is not producing enough films dramas. Starting a production house can be challenging but it can be very successful in these days of electronic media

Arif Masood Naqvi

Arif Masood Naqvi is a Pakistani expatriate who founded Abraaj Capital, largest private equity firm in Middle East. He also founded Cupola, Pakistan’s first investment bank in 1994. Mr. Naqvi was educated at London School of Economics and worked for many international organizations including Aurthur Andersen, American Express bank.

In 1994, he went to Dubai with small amount of $50000 and founded Cupola. In 2002, he founded Abraaj Capital, which is now managing assets of more than 6 billion us dollars. Abraaj Group, as now it is known, is among fifty biggest private equity groups. Under the leadership of Mr. Naqvi, Abraaj is investing in different regions including Middle East, south Asia, and North Africa. Abraaj owns stakes in nearly two dozens companies. This equity firm has offices in different countries including Saudi Arabia, Pakistan, Egypt, and Turkey. Companies founded by Mr. Naqvi have made more than 35 investments in 11 different countries.

His firm manages wealth of many royal families and high net worth individuals across Middle East and Pakistan.

Arif Naqvi hails from Karachi, Pakistan. He is married and has two children. Arif Naqvi along with his wife Fayeeza Naqvi helps poor and needy through Aman Foundation.

Women entrepreneurs of Pakistan

Ayesha Zeenat
She owns pappasallis. She started this business with the sort of karz e hasna from her father, who served Pakistani army. She was in Saudi Arabia when she wanted to go abroad to study. Her father, who was a brigadier at that time, declined by saying he cannot afford. She took a job in a multinational and earned her way to foreign education. She did a diploma in hotel and restaurant management from Conrad Hilton College, university of Huston. She started with eight tables in 1989 and now it has become a great success. Now her business has grown into a double storey, 40 tables restaurant, with another branch in Karachi.
Hina Rabbani Khar
Hina Rabbani Khar is B.Sc. in economics from Lahore University of Management Sciences. After completing her B.Sc. she went to United States for higher education. She received her M Sc (Hon) in hospitality management from university of Massachusetts, Amherst. She along with Asma Ramday established polo lounge, a restaurant, in Lahore. Ms Khar previously started orchids exporting business to Germany but it failed.
Sara Saleem
She started her own design label “essess”. She is married to Moazzim Ali Khan, who is general manager L’Oreal Pakistan.
Marvi Memon
She is a graduate of London school of economics. She started her career as a banker at Citibank Pakistan. Afterwards she launched Pakistan’s first satellite tracking fleet management concern “Trakker”.
Nasreen Kasuri
She started beaconhouse school system in 1975. She served the cause of women empowerment in Pakistan. More then 60%of employees of beaconhouse are women. Today beaconhouse group has nearly 200000 students in nine countries of the world.