Speakers at a two-day AllWorld Pakistan 100 summit said that the solution to Pakistan's economic challenges lies in the entrepreneurial talent of its own citizens and dynamic entrepreneurs represent a new bright future for Pakistan. They further said Pakistan has immense potential and offers best returns on the investment hence Pakistan would soon be a destination of investors from around the world.
The summit concluded on Saturday. US Chargé d' Affaires Ambassador Richard Hoagland, US Consul General in Lahore Nina Maria Fite, Chairman SECP, Muhammad Ali, Mian Mansha, Chairman Nishat Group and MCB Bank, Hussain Dawood Chairman Dawood Hercules Corporation and Asad Umar Chairman Pakistan Business Council and Chief Executive Officer Engro Corporation also spoke on the occasion.
Talking to the entrepreneurs in Pakistan Richard Hoagland expressed his appreciation for fastest growing entrepreneurial companies which achieved exponential growth in the last few years. He asked the Pakistani business community to lobby with its government to have strong legislation for the investors' protection to ensure better environment for doing business. He said that Central Asian states offer immense opportunities for Pakistani investors and Pakistani businesses should also take advantage.
Chairman SECP Muhammad Ali said that SECP is working on detailed guidelines for the function of corporate social responsibility in the country in order to help the corporate sector. He said that success of Pakistani entrepreneurs is a testimony of the great potential this country posses and how talented its human resources are. He appreciated the idea of organising summit that seeks to highlight the success and achievements of resilient Pakistani entrepreneurs.
Hussain Dawood, Chairman Dawood Hercules Corporation emphasised the need for having solid values for the successful business. He said that a business based on solid ethical values is bound to grow faster and is beneficial for the society at large. Mian Mansha, Chairman Mansha Group said that Pakistani businesses need to venture out of Pakistan and invest in potential markets like Africa. He said that in next two decades other countries would come to Pakistan for making investment.
Chief Executive Officer Cyan Limited Samad Dawood said that the Pakistan100 are a testament to the zeal and passion of the Pakistani private sector. Their accomplishment is even more impressive given the challenges that they have had to endure in the recent years.
AllWorld Network also announced the winners of the Pakistan Fast Growth 100 (Pakistan100), a ranking of the fastest growing non-listed companies in Pakistan. Leading the Pakistan100 is number 1 company e2e Supply Chain Management, which grew 1,918 percent between 2008 and 2010, with 2010 revenues above $50 million and 297 employees.
Launched in 2005, e2e has risen to become one of the most successful end-to-end logistics companies covering Pakistan and Afghanistan. Taking the second spot for Pakistan was Exceed Private Limited, with a growth rate of 1,320 percent and 90 employees. Founded by the youngest entrepreneur on the Pakistan100, Exceed rose to prominence for its historic restoration of Saidpur Model Village, redeveloped as an 18th Century city-museum with 5,000 residents.
In the midst of challenging political and economic circumstances, the Pakistan100 broke many AllWorld records in relation to 15 other country rankings in the region, coming in only second to Turkey in terms of entrepreneurial growth and transparency.