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During the last decade, Pakistan has faced daunting
political and economic challenges. Now, a new dimension of the story is
emerging, that of Pakistan as an entrepreneurial powerhouse.
The AllWorld Pakistan100 presented by Bank Alfalah is a ranking of some
of the fastest growing private companies pioneering solutions in old and
new industries.
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This group of 100 grew and average of 136 percent from 2010 to 2012 and
created 20,000 new jobs since 2010.
The Pakistan100 winners were announced at a gala Award Ceremony November
17, hosted by AllWorld Network, Bank Alfalah, Cyan Capital and MIT
Enterprise Forum Pakistan.
Founded mostly in the last ten years, these entrepreneurial companies
already account for $1.2 billion in sales and employ 43,000 people.
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They are succeeding in industries from technology, to pharmaceuticals,
to textiles and their growth rates exceed Pakistan’s GDP growth by a
factor of ten.
The Pakistan100 have created no less than 803 companies that are
currently operating, including the Pakistan100, others they previously
established or expect to form in the next year and 273 their employees
have been encouraged to create.
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These 803 companies illustrate Pakistan’s entrepreneurial intensity and
many of these serial entrepreneurs would feel right at home in Silicon
Valley. Pakistan100 programme to help shine a global spot light on these
blue chip entrepreneurs, so they continue to grow and become Pakistan’s
next big companies, said Atif Bajwa CEO of Bank Alfalah.
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