The Pakistan Fast Growth 25 companies have grown an average of 81 percent a year for the past three years. "They paint Pakistan in a new light, suggesting that Pakistan is a strong country for entrepreneurship", says a statement issued here Wednesday.
According to a statement, AllWorld Network announced in Pakistan and world-wide the winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies. The Pakistan Fast Growth 25 is a programme of AllWorld Network in partnership with Harvard Business School Professor Michael Porter and was launched in collaboration with JS Bank Limited.
Joining the Pakistan 25 were Nominating Partners FPCCI, Rawalpindi Chamber of Commerce & Industry, TiE, P@sha and Knowledge Partner Mishal (Pvt) Ltd. As a group, the Pakistan 25 broke AllWorld records for high growth of 8 countries in the Middle East, Africa and South Asia.
The companies who made the Pakistan 25 posted a 81 percent annual growth rate between 2007 and 2009 with an average size of 400 employees per company, and since inception they have created 12,000 jobs. On average the entrepreneurs are 41 years old, with a number having founded other successful companies.
Leading the Pakistan 25 growth rankings are companies in High-Tech and Telecommunications, and Agriculture and Textiles. Many of these rising Pakistan 25 companies are not just serving local markets, but are competing globally. "These results despite all odds project the force and sheer passion of these vibrant business leaders. At JS Bank, we have always supported entrepreneurs and have taken initiatives that create an environment friendlier for within the entrepreneurship space. We are pleased to see our partnership with Allworld bring to frontline such amazing success stories of these compelling entrepreneurs." Kalim ur Rehman, President JS Bank.
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