Stories about business

The futility of Karachi mayhem

Raza Haider, an MQM leader and member of the Sindh Assembly, and his guard were shot dead at a mosque in Nazimabad in Karachi. It was a sad event. Target killings are unwarranted and uncalled for. The culprits of this cold-blooded murder and all such murders should be caught immediately and punished severely. But another sad event followed the murder. As soon as news of the incident broke all shops were closed. Members of the self-proclaimed ‘middle-class’ and ‘most educated’ political party of Pakistan were allegedly seen threatening shopkeepers. Some shopkeepers were even physically attacked by workers. A Pakhtun cobbler’s small ...

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Why we need special economic zones

Pakistan is a country of unlimited human potential, especially with regard to talent that can be utilized to create a culture of dynamic entrepreneurship. Once the majority of your population is below 25 years in age you cannot depend upon a number of big companies working in the country to produce employment of a desired level for the qualified and skilled youth. It is all about how well the planners in the government provide solutions to the youth to become their own employers and in turn employ others. Let me give an example of a UAE based company, RSI Concepts. The company is ...

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A three point formula to online success

In a country like Pakistan, where job uncertainty at its peak and market giants are still losing revenue having your own small business is like a blessing. Research has show that in times of economic uncertainty, small and medium businesses tens to survive while big businesses feel the heat and begin to decline. Moreover, nothing beats being your own boss. However, no matter whether a business is a small shop or a giant corporation – marketing is mandatory. Large organizations have big budgets to invest in marketing while small businesses can’t find the money to spend on strategy. But don’t worry, the solution for small budget is online ...

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Women face an uphill battle in the corporate world

Clare Boothe Luce once said “Because I am a woman, I must make unusual efforts to succeed.  If I fail, no one will say, ‘She doesn’t have what it takes.’  They will say, ‘Women don’t have what it takes.’” I had just completed my MBA and was in the process of applying for jobs in Karachi when I received an interview call from an organisation through my college graduate directory. It was a small organisation but I decided to go for the interview just for the learning experience if nothing else. I cannot disclose the name of the organisation but my interview ...

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Excuses or entrepreneurship?

The weather was nice in Islamabad. Clouds surrounded the Margalla Hills, while discussions went on about the economy, the deplorable business outlook and politics. I was listening to these people speak about Pakistan’s worst business environment. They were saying that it is difficult doing business in Pakistan. Some of them were even planning to shift their businesses overseas. I called them to stop. They were stunned. I remained quite for a minute and then posed a question. Can we ask Student Biryani and Dilpasand Sweets to close their businesses and shift to any other country in the world? They did not ...

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