tag:blogger.com,1999:blog-5848640164815342479.post8124563356500324563..comments2024-03-27T15:36:44.737-07:00Comments on Haq's Musings: OPEN Forum 2012: Pakistani-American Entrepreneurs' Conference in Silicon ValleyRiaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5848640164815342479.post-56447015263302071522013-09-11T22:14:19.031-07:002013-09-11T22:14:19.031-07:00Lots of places want to become the "next Silic...Lots of places want to become the "next Silicon Valley." But that's much easier said than done, according to a new study from the Kauffman Foundation.<br /><br />The study compares the nation's top 20 large metros in terms of high-tech start-up density in 1990 and 2010. San Jose leads in both periods. And although the order has shifted a bit, every single one of the top 10 metro areas in 2010 was among the top 20 in 1990. ...Only five of the top 20 in 2010 — Portland, Wilmington, Phoenix, Kansas City and New Orleans — weren't among the most tech-dense cities twenty years ago. Even metros that have begun to climb the high tech ranks recently, like Kansas City and Portland, really "owe their emerging entrepreneurial ecosystems to many years of spinoffs and entrepreneurial spawning," the report notes.<br /><br />http://www.theatlanticcities.com/jobs-and-economy/2013/09/long-history-americas-leading-high-tech-hubs/6774/Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-5639064660520985342013-01-17T10:37:06.436-08:002013-01-17T10:37:06.436-08:00Here's an ET blog post taking media to task:
...Here's an <a href="http://blogs.tribune.com.pk/story/15611/pakistan-more-than-just-drones-blasts-and-terrorism/" rel="nofollow">ET blog post</a> taking media to task:<br /><br /><i>A recent article in Wired, Danger Room highlighted the resurgence of the US drone campaign in Pakistan. While it focuses on the war, a lot was left untold about the nation’s story that is as heartening as it is heartrending, and as inspiring as it is seemingly dismaying.<br />---------<br />The story of four of these start-ups, that launched in 2012 speak volumes about the resilience, commitment and resourcefulness of its founders.<br /><br />The first is Vital Agri Nutrients, a young, agricultural Research and Development focused company that is working on developing innovative products for farmers. It has had some recent breakthroughs with their micro-nutrients and soil amendments which are currently in field trials. Given the expected shortage of water and growing prices of fertilisers world-wide, the company and its products present a promising opportunity for small and large farmers to improve the crop yield and lower their input cost per acre by employing soil amendments that help with more efficient use of fertilisers and water in plants.<br /><br />Next, four young entrepreneurs at Eyedeus, aided by decades of joint research in computer vision, have developed technology that enables mobile devices to have eyes and intelligently process real-world imagery using an increasingly powerful mobile processors. Unlike the cameras on mobile devices that just allow ‘dumb’ recording of images or videos, Eyedeus technology allows developers to augment the reality around users. The company’s first product, called ‘Groopic’ (beta available on the AppStore) is already getting rave reviews. Groopic allows group pictures to be taken in a way never before possible. The person taking the picture can now be part of the group picture, go figure!<br /><br />Eyedeus, by the way, is part of a full-service technology incubator called Plan 9, that’s a visionary initiative of the government of Punjab, and it hosts at least a dozen other start-ups alongside Eyedeus, working on equally innovative products and services.<br /><br />Similarly, Invest2Innovate is another accelerator that is supporting at least five entrepreneurial ventures focused on businesses with a large social impact.<br /><br />Third is a new age production house called JugnooMedia, developing interactive, digital musical toys for mobile devices with an aim of providing toddlers and young children new avenues of learning that are more fun and effective than the traditional, classroom teaching. The demos of their first title are very impressive and the company has announced that it will be released on the Apple AppStore and Android Marketplace soon.<br /><br />And finally, there is BLISS – a social venture that is aimed at improving the livelihood of women in Pakistan alongside educating them. BLISS has already done a pilot program in a small village of Pakistan where women were taught embroidery skills alongside formal school education in the first phase. In the second phase, BLISS provided the same women an opportunity to co-op with the company and develop handbags designed by professional designers which were then marketed by BLISS through its online store as well as an impressive list of global brand ambassadors. The women who made the bags got the lion’s share of the revenue from those sales and the rest of the money is being used to sustain the operations of the organisation and scale the program.<br />----------<br />The next time a story is told about the problems Pakistan is having with the political instability, corruption, energy shortage and terrorism the world must know, that to the same land belong some of the best, battle-tested and inventive entrepreneurs working on shaping the future of the world!</i><br /><br /><br />http://blogs.tribune.com.pk/story/15611/pakistan-more-than-just-drones-blasts-and-terrorism/<br /><br /><br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-168883964898631672012-09-15T07:43:58.813-07:002012-09-15T07:43:58.813-07:00Here's an ET story on US fund to support priva...Here's an <a href="http://tribune.com.pk/story/436968/us-announces-80-million-for-pakistan-private-investment-initiative/" rel="nofollow">ET story</a> on US fund to support private investing in Pakistan:<br /><br /><i>The United States on Friday announced a multi-year Pakistan Private Investment Initiative worth $80 million in financial support to promote economic activities in the country. <br /><br />Drawing on public-private partnerships, this initiative will spur job growth and economic development by expanding access to capital for Pakistan’s small to medium sized companies, according to a statement by the US embassy.<br /><br />“Pakistan has a wealth of talented entrepreneurs that desperately needs capital to fully realise their potential,” said US Charge d’affaires in Pakistan, Richard E Hoagland.<br /><br />He said that through this initiative, the United Stated can move beyond the traditional foreign assistance by playing a constructive role to help entrepreneurs expand their businesses, provide new jobs to Pakistan’s fast-growing population, and by improving lives in the country.<br /><br />He said that market-oriented, commercial solutions which support Pakistan’s economic development have been a priority for the United States.<br /><br />The US Charge d’affaires said that the “Pakistan Private Investment Initiative” will generate investment funds catalysed by US assistance.<br /><br />The initiative seeks private or other qualified sources of capital for matching investments and funding management services. The investment funds will make equity investments in promising Pakistani companies, under-served by existing sources of capital.<br /><br />The Pakistan Private Partnership Initiative welcomes proposals from qualified Pakistani, regional, and international fund managers keen on investments in Pakistan by October 12, 2012, said a statement of from the United States embassy.</i><br /><br />http://tribune.com.pk/story/436968/us-announces-80-million-for-pakistan-private-investment-initiative/Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-1756752607579316252012-09-08T17:13:44.908-07:002012-09-08T17:13:44.908-07:00Here are a few facts about Pakistani entrepreneurs...Here are a few facts about Pakistani entrepreneurs in Si Valley based on my 30 year experience here:<br /><br />1. Pakistani entrepreneurs are easily the third largest organized group in Si Valley after Chinese and Indians. Check out some of the names here: http://www.opensiliconvalley.org/charter-members/<br /><br />2. Several Pakistani founded companies have gone IPO or been acquired by bigger companies in the last decades.<br /><br />3. Some of the Pakistani founders' names well known to the Si Valley tech community include Safi Qureshi (AST computers founder), Raghib Hussain (Cavium founder), Atiq Raza (NextGen founder), Rehan Jalil (WiChous), Jauhar Zaidi (Palmchip), Sohaib Abbasi (Oracle), Naveed Sherwani (OpenSilicon), Idris Kothari (VPNet, VIA Technologies), Ashar Aziz (FireEye), Nazim Kareemi (Canesta), Safwan Shah (Infonox), Faraz Hoddbhoy (PixSense), and many many more.<br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-84912153986149615362012-07-24T10:00:08.519-07:002012-07-24T10:00:08.519-07:00Here's a PakTribune report on new plant for pr...Here's a <a href="http://paktribune.com/business/news/Pakistans-first-BOPET-polyester-film-plant-starts-production-10091.html" rel="nofollow">PakTribune report</a> on new plant for producing BOPET for packaging of FMCG products in Pakistan:<br /><br /><i>Novatex Limited has successfully commissioned a project to produce Biaxially Oriented Poly Ethylene Terephthalate (BOPET) film.<br /><br />This is a pioneer industry for Pakistan, bringing in technology and machinery, which is so far non-existent in the country.<br /><br />Habib Bank Ltd, United Bank, Faysal Bank and Standard Chartered financed this project and the plant commenced operations in June 2012.<br /><br />BOPET Polyester film, which will be produced by Novatex, has due to its superior attributes become a necessary packaging material for food, etc allowing the introduction of strong aroma retention and beautiful printed small as well as bulk pouches for tea, ketchup, mayonnaise, salad dressings, spices, fruit and vegetables packaging, food pastes as well as milk powder, good quality biscuits/snacks washing powder and shampoos, etc.<br /><br />The current consumption of BOPET in Pakistan is over 16,000 tonnes and it will cross 20,000 tonnes following its availability locally.<br /><br />Pakistan will become self sufficient in BOPET polyester film and save import of $40 million besides will generate export in excess of $30 million.<br /><br />BOPET polyester film is also used for LCD/LED TV panels, solar panels, cable interior, salma sitara type decorations and x-ray film.<br /><br />The project of Novatex has been set up with the latest German technology supplied by Lindauer Dornier of Germany.<br /><br />It has a capacity to produce 31,000 tonnes BOPET per annum with 8.7 metre width and is the largest capacity and width currently available in the world for BOPET film lines.</i><br /><br />http://paktribune.com/business/news/Pakistans-first-BOPET-polyester-film-plant-starts-production-10091.htmlRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-6021824246852195782012-07-19T08:22:29.105-07:002012-07-19T08:22:29.105-07:00Australian diplomat upbeat about Pakistan, reports...Australian diplomat upbeat about Pakistan, reports <a href="http://www.brecorder.com/pakistan/business-a-economy/68869-growth-signs-in-pak-economy-inspiring-australian-economic-counseller.html" rel="nofollow">Business Recorder</a>:<br /><br /><i>Pakistan's natural and human resource potential was matchless, Economic Counseller of Australian High Commission, Melissa Kelly, said Thursday while declaring some of the recent signs of growth in Pakistan as very inspiring.<br /><br />Melissa Kelly was talking to a delegation of Federal of Pakistan Chambers of Commerce and Industry (FPCCI) that included Chairman FPCCI Standing Committee on Diplomatic Affairs, Sheikh Humayun Sayeed and Chairman Media FPCCI, Malik Sohail.<br /><br />"Despite numerous challenges Pakistan's economy was doing well which is very encouraging," she said and added "all major international investors and companies are making profits despite the security challenges."<br /><br />The Economic Counsellor said Pakistan is the gateway to energy rich central Asian states, financially liquid Gulf states and economically advanced Far Eastern countries.<br /><br />Besides, she said that Pakistan has world's second largest salt mine, fifth largest gold mine, fifth largest coal reserves, seventh largest copper mine; great consumer market and fourth largest competent workforce in the world.<br /><br />Melissa Kelly said that an Australian delegation has just completed visit of Pakistan and they have decided to investment in the citrus sector including construction of a juice extraction plant.<br /><br />She said that there is a great scope of cooperation between Pakistan and Australia in different sectors including energy, industry and agriculture.<br /><br />On the occasion, Sheikh Humayun Sayeed highlighted the salient features of liberal and deregulated trade regime of Pakistan which offered enormous opportunities for foreign investors.<br /><br />Stressing the promotion of economic links, Sayeed said that the two countries should boost exchange of delegations and expos which will bring business communities together that would lead to more trade in future.<br /><br />Malik Sohail Hussain appreciated the role of Australian High Commission in promotion of trade and economic relations between the two friendly countries.<br /><br />He said that Australia can get access to central Asia by using Pakistan as an economic bridge.<br /><br />Malik Sohail said the perception about Pakistan is not what is portrayed as it better than most of the regional countries in case of doing business, strong infrastructure, fast growing middle class.<br /><br />Australia is the third choice for Pakistan students studying abroad, incentives can help Canberra climb the ladder, he said.</i><br /><br />http://www.brecorder.com/pakistan/business-a-economy/68869-growth-signs-in-pak-economy-inspiring-australian-economic-counseller.htmlRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-40098870786885735492012-06-22T23:05:30.790-07:002012-06-22T23:05:30.790-07:00Here's a report on rising auto & tractor s...Here's a <a href="http://investorguide360.com/11mfy12-auto-sales-register-15-yoy-growth-lies-ahead-budget-ahl-research/" rel="nofollow">report on rising auto & tractor sales</a> in Pakistan:<br /><br /><i>As per the latest available data of auto sales, recently released by the Pakistan Automotive Manufacturers Association (PAMA), car and LCV sales witnessed a 15.1% YoY growth in 11MFY12. Segment-wise break-up reveals that the economy segment (less than 1,000cc) led the growth with sales increasing by 24.9% YoY during the period under review. This was followed by the 1,000-1,300cc segment, which witnessed sales growth of 19.2% YoY to 26,734 units. The high-end segment (1300cc+) meanwhile remained the sector’s laggard and sales grew by a meager 2.1% YoY to 58,458 units. This lackluster performance can mainly be attributed to the suspension of production at Honda Atlas Car’s (HCAR) plant from Dec-11 to Mar-12, and single-digit sales growth of Corolla. Sales of LCV’s and 4×4’s registered a healthy 27.4% YoY growth in 11MFY12, mainly due to a jump in Bolan (PSMC), Ravi (PSMC) and Hilux (INDU) sales.<br /><br />Pakistan Suzuki Motor Company Limited (PSMC) witnessed a 31% YoY improvement in sales in 11MFY12 to 100,805 units. PSMC has benefitted from the Punjab Government’s Yellow Cab Scheme, which has resulted in sales of Mehran and Bolan to increase by 39% YoY and 54% YoY respectively. Sales of Swift, Cultus and Alto meanwhile, increased by 67% YoY, 23% YoY and 15% YoY respectively in 11MFY12. Total units sold by the company in May-12, increased by 20% MoM to 10,608 units. On a YoY basis, this figure is 34% higher than May-11’s sales of 7,920 units.<br /><br />Sales of Indus Motor Company Limited (INDU) decreased by 7% MoM in May-12 to 4,846 units. The primary reason behind this decline is the discontinuation of Coure, with only 63 units being sold during the month. During 11MFY12, the company sold a total of 48,907 units, which is 6% higher on a YoY basis. Hilux has remained at the forefront (with respect to sales growth), and its sales are higher by 56% YoY to 3,625 units in 11MFY12. Sales of Corolla during 11MFY12 increased by 9% YoY to 41,720 units.<br /><br />Honda Atlas Cars Pakistan Limited (HCAR) reported a 53% MoM increase in total units sold to 1,150 units. The company’s endeavors to clear the backlog of orders of its City model resulted in sales of the model to jump by 533% MoM to 1,050 units. In 11MFY12 however, the company was only able to sell 9,901 units (33% lower YoY) owing suspension of production due to floods affecting its primary parts supplier in Thailand last year.<br /><br />Al-Ghazi Tractors Limited (AGTL) registered a healthy 20% MoM sales growth to 2,743 units in May-12, helping the segment attain an overall performance improvement of 10% MoM to 6,913 units. On a YoY basis however, the sector recorded 33% lower sales owing to the imposition of GST last year, which resulted in demand for the product drying and production being suspended as a consequence. Millat Tractors Limited meanwhile, reported a 4% MoM improvement in sales to 4,170 units. On a YoY basis, sales of AGTL and MTL declined by 42% and 28% respectively during 11MFY12. This was mainly on account of the suspension of production mentioned above..</i><br /><br />http://investorguide360.com/11mfy12-auto-sales-register-15-yoy-growth-lies-ahead-budget-ahl-research/Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-31613925797344740352012-06-22T22:35:38.317-07:002012-06-22T22:35:38.317-07:00Here's an excerpt of State Bank of Pakistan...Here's an excerpt of <a href="http://www.sbp.org.pk/reports/quarterly/fy12/Third/Ch-1.pdf" rel="nofollow">State Bank of Pakistan's latest quarterly report</a>:<br /><br /><i>If one looks objectively at<br />Pakistan’s economy, it is clear<br />that the system is facing serious<br />challenges. The list is familiar:<br />fiscal pressures that require an<br />increasing volume of domestic<br />financing; an energy shortage<br />that entails economic and social<br />costs; low investment that is<br />undermining future growth;<br />issues with law and order; and<br />the neighboring war in<br />Afghanistan.<br />At the risk of making too fine a<br />point on the matter, Pakistan’s<br />economic data appears to<br />suggest two things: first, that<br />Pakistan has fallen behind its neighbors in South Asia; and two, even this belowpotential<br />growth is quite impressive when seen in the context of the challenges<br />mentioned above. In our view, the latter point is not widely appreciated.<br />There is a growing sense that Pakistan’s undocumented economy (the informal<br />sector) is vibrant, and that official data understates the level of economic activity<br />that can be seen. In effect, there seems to be a disconnect.<br />------------<br />It is a stylized fact that the informal sector in Pakistan is buoyant, and is<br />generating jobs; incomes; and demand for goods and services. This, in turn, is<br />spilling over into the real sector that is documented. Hence, as discussed in<br />Chapter 2, there are clear signs that construction is up, which is helping ancillary<br />sub-sectors like steel; cement; chemicals; wood; glass; paints; etc.<br />Many would argue that a vibrant informal sector is a blessing, as it is driving<br />formal economic activities, and keeping Pakistan from a full blown recession as<br />seen in Europe. Furthermore, the increasingly precarious social safety net that is<br />stoking public anger in Europe, may not be relevant in Pakistan where the<br />extended family and community steps in to take care of the elderly, the<br />unemployed, and the destitute. Although we would concede these points, it is<br />important to keep things in perspective.<br />While social institutions like the extended family; mosques; neighborhood<br />charities; ethnic/community organizations; etc., are robust and sustainable sources<br />of social and economic uplift, the role of the state (beyond official safety nets)<br />cannot be eliminated. More specifically, physical infrastructure and other public<br />goods (e.g. security; law enforcement; judicial services and contract enforcement;<br />recreational spaces; etc.) would be undersupplied by private organizations, which<br />are required to promote sustainable economic activities. If the mind-set of<br />absolute self-sufficiency becomes more entrenched, it may segment the economy.</i><br /><br />http://www.sbp.org.pk/reports/quarterly/fy12/Third/Ch-1.pdfRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-21494880200408047722012-06-22T08:37:26.628-07:002012-06-22T08:37:26.628-07:00Here's Google Chairman Eric Schmidt's asse...Here's <a href="https://plus.google.com/u/0/104233435224873922474/posts/4UcNomnhipX" rel="nofollow">Google Chairman Eric Schmidt's assessment</a> after his recent Pakistan visit--Part II:<br /><br /><i>...We met a number of impressive Pakistanis, none more so than Masarrat Misbah of Smile Again. Every year, hundreds of young rural women have acid thrown on their faces by men as punishment for some dishonor, including being raped by the men who pour acid on her. This horrific crime, which often leads to death or blindness, requires painful rehabilitation and rebuilding of the woman’s life. Masarrat Misbah’s home in Lahore provides a temporary safe house. The perpetrators, most often direct family members, are seldom prosecuted and almost never convicted of anything. I will never forget the faces of these shy, young women so grievously injured in such an evil way.<br /> <br />Much of what people say and think about Pakistan is absolutely true for most of the FATA provinces (autonomous areas) and for Baluchistan. Pakistan's image problem results from the fact that people outside the country believe the realities of North and South Waziristan and Quetta are reflective of what the larger country looks like. Islamabad and Lahore are certainly safer than people realize, unless you are a politician (many prominent politicians still suffer assassination attempts and threats inside these cities). <br /> <br />Pakistan's major security challenge comes from having two many fronts. FATA represents a Haqqani network and Taliban problem, threatening the establishment in Islamabad. Baluchistan is a persistent separatist movement. Afghanistan is a threat because Pashtuns are allowed to go back and forth undocumented. All of this, including India, is simply too much for a government like Pakistan to take on right now. <br /> <br />We ultimately see three Pakistans: 1) The places where the security issues are true (FATA, Baluchistan, parts of SWAT Valley, and Kashmir); 2) the rest of Pakistan for the average citizen, much larger than the first and which is reasonably misunderstood and relatively safe; 3) The politician's and military's Pakistan, which whether in FATA or Islamabad, is turbulent, unsafe, and complex.<br /> <br />There is a good case for optimism about Pakistan, simply because of the large emergent middle class (#2). The country, vast, tribal and complicated, can follow the more successful model of India. Connectivity changes the rural experience completely.. illiteracy at 43% can be overcome relatively quickly, and providing information alternatives can dissuade young males from a life of terrorism. The well educated elite can decide to further reform the countries institutions to increase confidence in the government. The war in Afghanistan, destabilizing to Pakistan in many ways, winds down after 2014 and buys time for Pakistan to address its real and continuing internal terrorism threat (more than 30,000 civilian terror deaths in the decade.)<br /> <br />Technology can help in other ways as well. The power problem is mostly a tracking problem (tracing corruption and mis-distribution). The problem of extreme crimes (like acid, or stoning) in poorly policed regions can be mitigated with videos and exposes that shame authorities into prosecution. The corruption problem can be tracked and traced using mobile money and transparent government finances. We met with clever Pakistani entrepreneurs who will build large, new businesses in Pakistan in the next few years and global multinational will locate sales and eventually manufacturing in the country.<br /> <br />The emergent middle class of Pakistan won’t settle for a corrupt system with constant terrorism and will push for reforms in a burgeoning democracy. Here’s to the new civil society of Pakistan, who will use connectivity, information and the Internet, to drive a peaceful revolution that brings Pakistan up to its true potential. </i><br /><br />https://plus.google.com/u/0/104233435224873922474/posts/4UcNomnhipXRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-69336982043497537592012-06-15T07:58:40.215-07:002012-06-15T07:58:40.215-07:00Here's an ET story on Google chairman Mike Sch...Here's an <a href="http://tribune.com.pk/story/394128/gilani-seeks-googles-help-in-tracking-cross-border-movement/" rel="nofollow">ET story</a> on Google chairman Mike Schmitt's visit to Pakistan:<br /><br /><i>Schmidt said that the demographic composition of the Pakistani population was a great national asset and the Pakistani youth was talented and eager enough to get acquainted with information technology, often on their own.<br /><br />He assured the Prime Minister that his company was willing to help Pakistan to spread information technology throughout the country. He said that improved connectivity facilitated the youth in getting themselves gainfully engaged, which in turn was critical to combat extremist tendencies in society.<br /><br />Partnering with Google<br /><br />The Prime Minister said that he recently announced a Venture Capital Fund of US $10 million and would like Google Inc. to also contribute to it besides its Social Innovation Fund.<br /><br />“I have, recently, directed the establishment of Universal Service Centers at Union Council level across Pakistan. The aim of these centers is to provide Government to Citizen and Government to Business services acting as an IT hub in rural areas. I would also like your support to make these centers successful,” the Prime Minister added.<br /><br />Schmidt said that it was also important to formulate an economic development strategy.<br /><br />Google has faced action from Pakistan, including threats of being blocked if it failed to cooperate in restricting access to objectionable content available on Google and its various services including video sharing social network YouTube, which was blocked in 2010. Pakistan has also sought cooperation from Google to clamp down on accounts operated for and by terrorists.</i><br /><br />http://tribune.com.pk/story/394128/gilani-seeks-googles-help-in-tracking-cross-border-movement/Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-6429889513018426962012-06-12T22:32:08.043-07:002012-06-12T22:32:08.043-07:00Major market research firm Ipsos comes to Pakistan...Major market research firm Ipsos comes to Pakistan, according to <a href="http://www.thenews.com.pk/Todays-News-3-114091-World%20s-3rd-largest-marketing-company-anchors-in-Pakistan" rel="nofollow">The News</a>:<br /><br /><i>The launching ceremony of Ipsos, Pakistan was held at a local hotel of the city on Tuesday, hosting over 200 representatives of leading companies in Pakistan. The participants included CEOs, marketing and research heads of national and multinational companies from the FMCG and services sectors.<br /><br /> <br /><br />The chief guest of the event was the global founder and co-president of Ispos, Didier Truchot. He was accompanied by the chairman and CEO of Ipsos MENA, Edouard Monin and Global Group CFO Laurence Stoclet. While foreign investors are usually reluctant about investing in Pakistan, the launch of Ipsos in the country denotes the trust of the group’s stakeholders in the potential of marketing research business in Pakistan.<br /><br /> <br /><br />Didier Truchot said that he had high hopes for tapping the tremendous potential of the research industry in Pakistan owing to immense demographic dividends of the resource-rich country. “Ipsos believes in imparting knowledge and expertise across various countries it is working in. Our global presence gels in with the locally intelligent need gap assessment and deliverance of services accordingly. I am happy that Ipsos has already been well-received in Pakistan and is a critically acclaimed research company in terms of its futuristic and client-driven approach.” Ipsos co-president said that the success story narrated by Ipsos across the globe is the result of a vision held by sound intellectual deeds of professional researchers. “Ipsos is owned and run by researchers and this fact speaks volumes for its intellectual and professional supremacy over other competitors in Pakistan.”<br /><br /> <br /><br />Ipsos Pakistan is headed by Abdul Sattar Babar, a researcher. During his inaugural speech, he said: “This is a moment of pride for us that Ipsos is formally announcing its anchoring in Pakistan. I am happy that our global co-president made it to Pakistan to attend this event and his presence ensures transfer of knowledge and technology in a wide range of marketing research services that are not fully developed in Pakistan. Ipsos Pakistan is all geared up to make a headway in the industry based on trust, which certain clients had already conferred on us even prior to this formal launch.”</i><br /><br />http://www.thenews.com.pk/Todays-News-3-114091-World%20s-3rd-largest-marketing-company-anchors-in-PakistanRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-83512247861796981672012-06-10T21:46:03.442-07:002012-06-10T21:46:03.442-07:00Here's an ET story about Pak tech companies wi...Here's an <a href="http://tribune.com.pk/story/325306/budding-entrepreneurs-gather-to-share-novel-ideas/" rel="nofollow">ET story</a> about Pak tech companies with Si Valley connections:<br /><br /><i>With about 50 people assembled in one room to discuss seven start-up ideas, the general mood was ecstatic at The Second Floor (T2F), a project of PeaceNiche and a community space for open dialogue.<br /><br />Budding entrepreneurs, technology geeks, fresh business graduates and app developers were there to participate in the first Entrepreneurs Roundtable Pakistan (ERT PK), an informal meeting of entrepreneurs to get instant feedback on their ideas from each other.<br /><br />“It’s not about pitching your ideas as a salesman. The objective is to share these ideas with other entrepreneurs and get their feedback,” said Shirley Lin, who helped popularise the concept of informal meetings of entrepreneurs to share start-up ideas in cafes of Silicon Valley, while addressing the audience from California via Skype.<br /><br />1 Doc Way<br /><br />Danish Munir began his presentation by asking the audience if any of them found the procedure of getting a doctor’s appointment easy. Predictably, no one from the audience replied in the affirmative. Munir said his business aimed to help patients pay online visits to their doctors at their own convenience without worrying about the commute or time off work.<br /><br />He said his website was generating revenues in the US, mainly because 60% of doctor-patient meetings in the country were conversational. “After the patient-doctor meeting on Skype, the doctor’s secretary calls the pharmacy and the patient can later collect the medicine,” Munir said.<br /><br />Although the business model works differently in different countries, the website does not require patients to pay any additional charges.<br /><br />Munir worked at Microsoft in Seattle, Washington, until eight months ago. He said he quit his “mundane job with a great package” for the love of entrepreneurship.<br /><br />I’m confused<br /><br />How many times have you been at a loss when deciding where to eat out when you have a certain amount of money to spare? “It’s either money or the location of the restaurant. Random searches on Google or even Karachi Snob don’t produce desired results most of the time,” said Zafar Syed, who is developing an advanced search engine by the name of “I’m confused.”<br /><br />Syed said it would initially be focused on food and fashion outlets, adding the search engine would produce results according to prices one could afford to pay and look for such businesses within a defined area.<br /><br />Pakistan’s Silicon Valley?<br /><br />“People often say Lahore is to Pakistan what Bangalore is to India when it comes to the IT industry. But I think Karachi is swiftly catching up with Lahore. Both are neck and neck in terms of entrepreneurial activities,” said AR Rafiq, a California-based technologist, who organised the ERT PK along with the Pakistan Software Houses Association (P@SHA), while talking to The Express Tribune.<br /><br />“There’re a lot of tech companies in America that have offices here, including Folio3, Whizz Systems, PalmChip, NexLogic and Inspurate,” he said, adding that Karachi’s IT professionals should now move away from the “outsourcing model” to the “equal partnership model” to reap the benefits of a truly globalised IT industry.</i><br /><br />http://tribune.com.pk/story/325306/budding-entrepreneurs-gather-to-share-novel-ideas/Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.com