Over thirty Pakistan Fast Growth 100 entrepreneurs and business leaders (Pakistan100) have arrived in Washington DC for the last leg of the AllWorld [email protected] During the summit, the delegates briefed executives from Google and US State Department officials, and networked with corporate leaders and members of the Pakistani diaspora community.
The AllWorld [email protected] is an unprecedented gathering of some of the world’s top entrepreneurs, brainstorming with illustrious Harvard faculty, investors, and corporate leaders from around the world. National and international notables joined the entrepreneurs, including US Ambassador to the Kingdom of Saudi Arabia James Smith, Harvard University President Drew Gilpin Faust, executives from SABIC (the largest company in the Middle East) and the International Finance Corporation (IFC), Harvard Business School Professor Michael Porter, Dean of the Graduate School of Design Mohsen Mostafavi and Founding Editor of Inc. and Inc. 500 magazines George Gendron.
AllWorld works in the Middle East, North Africa, Asia and Africa to find emerging private companies with proven track records, and ranks them based on sales growth. An AllWorld ranking puts fast-track entrepreneurs on the world map – attracting new investors, customers, growth partners and talent. The Pakistan100 entrepreneurs comprise close to 30% of the attendees, which is by far the largest country group.
The summit focused on ‘Solve It!’ sessions, where entrepreneurs defined strategies they can implement globally in energy sustainability, education and technology, and agriculture. Many of the entrepreneurs are creating solutions that can be scaled to address major economic and social issues.
Pakistani companies participating in the summit include e2e Supply Chain Management, which grew 1,918% over the past three years, and was founded by Abid Butt. Established only seven years ago, e2e has revenues close to $70 million and employs 297 people. e2e has risen to become one of the most successful end-to-end air, sea and land logistics companies covering Pakistan and Afghanistan.
EGAS Private Limited, another participant, earns $2 million in revenues, employs 107 people, and has a three-year growth rate of 47%. The company is the result of the entrepreneurial spirit of founders Dr Taimur Raza and Yasir Raza, and has evolved into a recognised brand in the business spheres of Pakistan. EGAS is the only full service privately-owned CNG equipment and consulting firm in Pakistan.
Khurram Multaba, another participant, is the founder of Moftak. The company earns $1 million in revenues and employs 42 persons. Moftak Solutions is a Pakistani IT outsourcing company. Boasting a diverse set of IT talent, Mofktak prides itself on being able to handle any and all outsourcing needs, including (but not limited to) web page design, development of complex e-Commerce applications, and writing efficient back-end software.
AllWorld was co-founded by Deirdre Coyle Jr, Anne Habiby, and Harvard Business School Professor Michael Porter. Described by the Times of London as the world’s “most influential management guru,” Professor Porter is widely regarded as the foremost authority on company and country competitiveness.
Published in The Express Tribune, July 14th, 2012.