Why Imran Khan should focus more on start ups and Learn from India on the same!

[CaptainSoap42]

Please memberans, watch the video completely before posting

 

[TheSnakeEatingMarkhur]

Please memberans, watch the video completely before posting

@waz please check the title

 

[The Accountant]

Guys dont copy other countries. We have to identify our own problems and find our own solution.

India is now working on startup as they rebuild economy in 90s.

For startup to be successful u need heavy industrial infrastructure.

First we need to establish following three industries to a high grade then we can go for tech startup.

1. Steel and iron industry vertically integrated.
2. Polymer and hydrocarbon based products industry.
3. Electronic manufacturing industry which is the basis of tech startup.

without these tech startup r just a dream and will not be fully functional.

cost of doing business will remain high and will eventually fail to competition from the world

 

[CaptainSoap42]

Awareness

 

[Falcon26]

Guys dont copy other countries. We have to identify our own problems and find our own solution.

India is now working on startup as they rebuild economy in 90s.

For startup to be successful u need heavy industrial infrastructure.

First we need to establish following three industries to a high grade then we can go for tech startup.

1. Steel and iron industry vertically integrated.
2. Polymer and hydrocarbon based products industry.
3. Electronic manufacturing industry which is the basis of tech startup.

without these tech startup r just a dream and will not be fully functional.

cost of doing business will remain high and will eventually fail to competition from the world

Startups are attractive because they are disruptive and circumvent the traditional systems that plagued developing countries. So far , this year alone, Pakistani startups have seen $100-million investments. Almost 70% of these investments came in June. This trend will likely continue creating jobs, innovation and spur economic growth. The issues you have raised in your post are valid but there’s no connection to startups. Pakistanis need to get out of this rigid zero-sum thinking. Two things can be done at the same time: startup culture can be fostered by providing them with resources and infrastructure and investments can be made in steel, electronics etc as a strategic requirement.

Pakistani startups raise $85m amid rush of foreign funding in fintech

KARACHI: Venture capitalists injected more than $85 million in Pakistani startups in the first five months of 2021, with fintech companies riding a wave of interest by overseas investors, according to data from Invest2Innovate Ventures (I2I), which supports early-stage enterprises in untapped...

www.arabnews.com

 

[Sidacca]

Working with startups as an investment analyst for years now, i can assure you that trend is getting pace now. Millions of USD has been raised by startups from Karachi and Lahore recently from Singapore and US VCs. Good time ahead

 

[The Accountant]

Startups are attractive because they are disruptive and circumvent the traditional systems that plagued developing countries. So far , this year alone, Pakistani startups have seen $100-million investments. Almost 70% of these investments came in June. This trend will likely continue creating jobs, innovation and spur economic growth. The issues you have raised in your post are valid but there’s no connection to startups. Pakistanis need to get out of this rigid zero-sum thinking. Two things can be done at the same time: startup culture can be fostered by providing them with resources and infrastructure and investments can be made in steel, electronics etc as a strategic requirement.

Pakistani startups raise $85m amid rush of foreign funding in fintech

KARACHI: Venture capitalists injected more than $85 million in Pakistani startups in the first five months of 2021, with fintech companies riding a wave of interest by overseas investors, according to data from Invest2Innovate Ventures (I2I), which supports early-stage enterprises in untapped...

www.arabnews.com

Brother sorry but i disagree here. How many jobs a typical startup can create 10, 20 or 50. Only pakistan steel mills at its optimum level had capacity of 10000 employees and this steel mill was not capable to handle requirement if whole pakistan so we need multiple steel mills like such ... Support companies of steel mill that will be created in result r on top of them. Furthermore reduction in cost of production of other sectors such as auto mobile, construction, engineering consumer electronic are on the top of that.

The issue of overall they are very small and hence have a very small impact on overall society. They can be successful in low population country like israel but not in Pakistan.

We need growth rate of 8% to 10% to raise gdp per capita which is 30% lower than bangladesh which is a low income country.

Our gdp per capita is comparable to african countries. In order to make these tech startup commercially viable we need to raise income of the population who can enjoy those services. An example of this is air lift where a great alternate to bus was launched but it is strugling to survive as people are will to travel in sub human conditions in buses but want to save 20 rupees.

So these tech startup we r talking about are mostly high end solution but we cant afford them as our population personal income is already low.

Last but not the least, i am not against tech startup but dont present them as solution to our problem.

Our prime issue is lack of manufacturing activities in Pakistan as a result our exports r low, joblessness and low per capita income. Tech startup r beneficial but its like a drop in a swimming pool

 

[Prince Kassad]

Education budget of Pakistan : 9 Billion PKR Education budget of only DELHI : 160 Billion INR (340 Billion PKR

stats say it all.

 

[Kabotar]

Education budget is 9 Billion?? Who's behind have you pulled that number?

HEC alone have a budget of 108 Billions. 42 Billions marked for development.

Higher education sector budget increased by Rs15bn

HEC to get Rs108bn for development, non-development expenditure.

www.dawn.com

Education budget of Pakistan : 9 Billion PKR Education budget of only DELHI : 160 Billion INR (340 Billion PKR

stats say it all.

 

[S.Y.A]

Brother sorry but i disagree here. How many jobs a typical startup can create 10, 20 or 50. Only pakistan steel mills at its optimum level had capacity of 10000 employees and this steel mill was not capable to handle requirement if whole pakistan so we need multiple steel mills like such ... Support companies of steel mill that will be created in result r on top of them. Furthermore reduction in cost of production of other sectors such as auto mobile, construction, engineering consumer electronic are on the top of that.

The issue of overall they are very small and hence have a very small impact on overall society. They can be successful in low population country like israel but not in Pakistan.

We need growth rate of 8% to 10% to raise gdp per capita which is 30% lower than bangladesh which is a low income country.

Our gdp per capita is comparable to african countries. In order to make these tech startup commercially viable we need to raise income of the population who can enjoy those services. An example of this is air lift where a great alternate to bus was launched but it is strugling to survive as people are will to travel in sub human conditions in buses but want to save 20 rupees.

So these tech startup we r talking about are mostly high end solution but we cant afford them as our population personal income is already low.

Last but not the least, i am not against tech startup but dont present them as solution to our problem.

Our prime issue is lack of manufacturing activities in Pakistan as a result our exports r low, joblessness and low per capita income. Tech startup r beneficial but its like a drop in a swimming pool

startups will face these problems when they develop something for local market.

a lot of startups are focusing on exports instead. R&D or design is done here, in house, China manufactures the designed product and sends it directly to the customer. this solves the issue of lack of electronic manufacturing.

also, a PCB fabricated and assembled by JLC costs wayyyyyy less then anything made here in Pakistan, as we have to import chemicals, at very high costs, from either Europe or China. Europe and China otoh, manufacture those chemicals. It will take a lot of time to set up factories that produce cheap chemicals with high quality, if we wait for that to happen, we will lose out on the market.

Now I am not saying that we should not develop our own infrastructure, but only pointing out that we do not need to let go of a big market just because we dont have that infra currently in place, we can develop it, and keep on going down the startup road as well, in parallel.

 

[Bouncer]

Startups are attractive because they are disruptive and circumvent the traditional systems that plagued developing countries. So far , this year alone, Pakistani startups have seen $100-million investments. Almost 70% of these investments came in June. This trend will likely continue creating jobs, innovation and spur economic growth. The issues you have raised in your post are valid but there’s no connection to startups. Pakistanis need to get out of this rigid zero-sum thinking. Two things can be done at the same time: startup culture can be fostered by providing them with resources and infrastructure and investments can be made in steel, electronics etc as a strategic requirement.

Absolutely correct. The points mentioned by other member are valid in their own right--it would be great if we manage to develop these basic industries in near future. But their absence should not deter startups in tech from flourishing.

Just to give you an example, there are 4~5 companies working in the B2B / B2C space right now and they have raised tens of millions USD. They are not reliant on any core industry. Their target market already exists and they have solution to their problems. Win win for all involved--and it should help document the economy down the road.