Pakistan 100 Top Entrepreneurs 2013

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.

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.

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.

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.

Some Ways To Become Rich

Money is one of the most important commodities for every human being born on this earth. Becoming the one of the countable rich person on this earth is probably one of the common dreams seen by almost everyone! Hence, for all those who have that desire of becoming rich, here are a few guidelines:

Form a healthy personal foundation. If one’s life is in turmoil, it is very difficult to keep money or attract flow of money.

In order to acquire noteworthy wealth, it is very important to pay heed to one’s attitude, one’s relationships, one’s ethics as well as integrity. Wealth often tends to come to those who handle it in a proper manner.

Make your mind up ‘ALL’ addictions. Overuse of a specific substance or what we call substance exploitation will greatly reduce one’s capability to attract or keep a large sum of money.

Expenditure should always be less than the spending. Have and use a budget track your cash flow, decide what you need compared to what you want.

Have some money you will never spend. Put some small percentage of your money in some form that is hard to get back or that you would never cash except in dire emergency. Again, if worse comes, you will be able to live in your own house with your cash savings.

We should always learn the rules on how to invest. Most colleges have basic courses like finance, stock investment etc. to make an individual aware on where and how to invest. Make a finance plan accordingly. Review and refine the plan constantly as circumstances change.

Broaden your horizons by spreading your finances in all fields of your life. By spreading the finances, in times of economic meltdown also you won’t lose everything.

There is a simple fact that many people miss: you will never grow wealthy if you spend everything you earn. Regardless of how much money you earn, you need to put some aside in savings.

One’s lifestyle should be such that it should fit within one’s budget that comes out of the income alone.

Lastly set up a crisis fund this should have at least of three months of living expenses. It would be very wise indeed to increase this to six months worth of living expenses.

One could set up a home-equity line of credit (not loan) which you could tap into if the need really arises and you need money for more than six months.

Source: financecareeducation

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