Tag Archives: Pakistan

Job Seeker or Job Creator? Global Entrepreneurship Week in Pakistan

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Entrepreneurship has become a major phenomenon in Pakistan. Among the highlights of Global Entrepreneurship Week 2014, local startup “TalLee” was selected for the GEW 50 2014 as one of the top 50 startup ventures from around the world — chosen from among 600 startups from 38 countries.

TalLee sells door bells; the innovation that makes these door bells so special is that they have GSM capability, so that the owner of the house gets a phone call (irrespective of location) and connects with the person who has pressed the doorbell. The idea was conceived by Rafi, who founded TalLee in April 2014 and was offered incubation space at NUST Technology Incubation Center (TIC).

A seminar on Entrepreneurship for Economic Growth was also held in Karachi on November 21, 2014, jointly organized by the Karachi School for Business and Leadership and the National Entrepreneurship Working Group. Various factors that inhibit the growth of entrepreneurship were discussed. Among these, the lack of focus on critical creative thinking in the country’s education system was identified to be a key reason why graduates prefer joining the rank of job-seekers and not creators.

This inspired me to visualize my job hunting days and also to further investigate why critical creative thinking is absent from our education system. In 2004, when I graduated from an engineering university, seeking a job was written on my forehead. Dropping CVs to company after company was foremost on my to-do list, and after several interviews, one company hit me with an unusual question: why don’t you become an entrepreneur?

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Pakistan Celebrates Global Entrepreneurship Week 2014

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Pakistan is charged up to celebrate Global Entrepreneurship Week (GEW) 2014. GEW has become a yearly phenomenon, with universities, GEW-Pakistan partners, chambers of commerce, and companies all sponsoring events during the week of November 17-23.

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CIPE Partner Helps Pakistan Government Measure Its Performance

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On October 28, Pakistan’s Prime Minister Nawaz Sharif announced that the performance of each of his ministries will be evaluated in what the government describes as the country’s first-ever such accountability exercise. Planning and Development Minister Ahsan Iqbal of the ruling Pakistan Muslim League-Nawaz party (PML-N) has said that four benchmarks will be used assess each minister: implementation of the PML-N campaign platform from the 2013 election; internal department and ministry reforms; public service delivery and public welfare; and whether the ministry has a strategic plan, or a “future agenda.”

This development is particularly notable because for the past year, CIPE and one of its key partners in Pakistan – the Policy Research Institute on Market Economy (PRIME), an Islamabad-based think tank – have spearheaded a program to track the government’s implementation of its economic policy platform. PRIME issues a quarterly performance scorecard, tracking key macro- and microeconomic indicators, as well as legislative and policy initiatives, to measure whether the government is following through on its 2013 pledge to overhaul the economy.

The idea of such monitoring follows, in turn, on CIPE’s earlier work to engage the business community in policy advocacy and encourage the parties to campaign on specific economic platforms – at the time a first for Pakistan. This program by PRIME and CIPE continues that innovation, and also set the tone for the government’s own accountability push.

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The Importance of Corporate Governance in Family-Owned Companies

Launching CIPE's Corporate Governance Guide for Family-owned Companies in Pakistan.

The adoption of good governance practices is beneficial to listed companies, unlisted companies, and family-owned enterprises.

Good governance practices strengthen companies by building relationships among investors, boards of directors, managers, and employees. Implementing corporate governance guidelines allows businesses to obtain capital at lower cost, enhances business strategy, and attracts the best human capital.

Corporate governances also promotes competitiveness in the marketplace and is an antidote to corruption. Effective corporate governance also helps ensures the integrity of business operations and strengthens the rule of law and democratic governance by promoting values of accountability and transparency.

In the last decade, Pakistan has experienced a sizeable increase in the number of unlisted companies, particularly family-owned organizations. These enterprises form the backbone of Pakistan’s economy and growth; the need for corporate governance guidelines for these particular types of companies has never been greater. Instituting good governance practices is particularly effective in overcoming the challenges many family-owned enterprises face.

CIPE partnered with the Pakistan Institute of Corporate Governance (PICG) and the Institute of Chartered Accountants of Pakistan to assess sectoral needs and develop the Corporate Governance Guide for Family-Owned Enterprises, the first guide of its type in Asia.

To learn more about the benefits of instituting good governance practices for family-owned enterprises and how one Pakistani company improved its governance and its performance, read the latest case study from the forthcoming collection of Strategies for Policy Reform.

Teodora Mihaylova is Research Coordinator at CIPE.

Pakistan Seeks Potential Solution to Political Protests

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For the past several weeks, Pakistan has faced a set of dual protests that have sparked a political crisis. One protest, led by former cricket star turned politician Imran Khan, head of the PTI party, draws on Khan’s allegation of widespread rigging in the landmark 2013 elections. Khan’s demands include electoral reforms, a redo of the election, and, controversially, the resignation of Prime Minister Nawaz Sharif of the PML-N party.

The other protest, led by Sufi cleric Muhammad Tahir-ul-Qadri, who heads the PAT party, seeks justice for followers killed and injured in a June incident at his headquarters. Qadri has demanded a full investigation, and also seeks the resignation of Punjab Chief Minister Shahbaz Sharif, the Prime Minister’s brother. After marching to Islamabad and holding daily rallies, the protests eventually turned violent. While the violence subsided, and the army has mediated talks among the government, Khan and Qadri, the situation has not yet abated.

These crises come at a difficult time for Pakistan. The country is dealing with massive floods after heavy monsoon rains. Furthermore, because of the protests, the center of Islamabad has been shut down for more than month, freezing legislative and ministerial activity in the capital. As a result, the government has been unable to make any progress on meeting an extensive set of conditions to keep badly-needed funds flowing under an IMF loan facility. Moreover, the much-awaited visit of Chinese President Xi Jinping has been postponed.

Over the past year, as shown by CIPE’s partner PRIME, an Islamabad-based think tank, the government has made only limited progress toward implementing an ambitious economic reform agenda, thus engendering widespread frustration. Against this backdrop, many observers worried that the military could seize power again, as it has done in the past, or at least seek greater influence. Citing a report from the US Congressional Research Service, there was fear that this could cause the US to withdraw crucially needed support.

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Governance Principles for Business Associations and Chambers of Commerce: Now Available in Urdu

urdu-gov-principlesBusiness associations need strong governance systems and guiding principles in order to effectively serve their members and act as advocates for policy change. In Pakistan, business associations are mostly struggling to adapt effective governing mechanisms that could ease the path to successfully achieving their vision, mission, and objectives.

Societal norms are changing, the business environment is getting more complex and challenging, and following the principles of corporate governance should now be one of the foremost issues that business associations must address.

CIPE has a huge online library of resources and publications through which business associations can get instant guidance and support. In order to facilitate good governance principles within business associations, CIPE and the World Chambers Federation (WCF) developed a guide on Governance Principles for Business Associations and Chambers of Commerce. The guide was originally published in English and subsequently translated in to Arabic, French, Russian, Spanish and Dari languages.

To support and further simplify good governance principles in the country, CIPE Pakistan has produced an Urdu Translation of these principles (available here) for the benefit of business associations all across Pakistan that can be further guided with local language clarity.

Emad Sohail is a Senior Program Officer at CIPE Pakistan.

Social Media in Pakistan Helps Engage Youth in the Democratic Process

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In the recent elections, social media such as Facebook and Twitter were instrumental in engaging youth and bringing them out to vote. But the question remains: how can social media can help strengthen democracy in Pakistan?

Social media in Pakistan is an ever growing phenomenon. The editor of Dawn.com, Jehazeb Haq, recently compared Facebook to a virtual city competing with Karachi, the largest city in Pakistan with a population of 20 million and growing.

“Over prolonged periods of autocratic rule, the youth of the country was deliberately made apathetic. The revival of the political process happened at a time when social media had already arrived and started playing a central role in the lives of the connected youth. This medium was used to fullest extent prior to the 2013 elections to spread awareness about the imperatives of the democratic process, as a mobilization tool to garner support and canvassing of ideas and manifestoes by parties. Needless to say the youth was the vanguard of this new movement through the new media.” – Afia Salam, Member: IUCN Commission on Education & Communications

The power of social media in providing the right to speech has been limited, however, since 2010, when government attempted to ban many social media sites, resulting in an uproar from users and civil society groups. All past efforts by government to do so ultimately failed, resulting in access to social media sites being restored.

The only site that is still banned in Pakistan is YouTube, as the government says that it still makes blasphemous material accessible in the country. However, civil society organizations and youth groups are being vocal and have been advocating for restoring access to YouTube. Most of these efforts are done using social media.

CIPE Pakistan spoke to few key social media activists to get their views on the current state of social media in the country and how youth is using this medium.

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