Pakistan’s population is increasing at a fast rate, so are the business opportunities. More are the people — more you need houses, more you need cloths, more you need food, and more you need luxuries and necessities of life. One may argue that quality of life is more important, but quantity of people is equally important. If you want to start a business you need consumers to buy your products. According to the World Startup Report, a Silicon Valley-based organisation, Pakistan’s population can reach 210 million by 2020. It is still the sixth largest country of the world and a promise land for startups.
There is potential in every sector of the economy in Pakistan. If the population is increasing, industry is also increasing. There was a time when the facility of washing machine, television set, refrigerator and air conditioner was hardly available to a few percent of households. Now close to hundred percent people in urban areas of the country have latest brands of washing machines, refrigerators and plasma LCDs.
The report says that the country has 136.5 million mobile phone users and 110 million of them are ready to subscribe for 3G/4G by 2019, with the issuance of license for the third and fourth generation network in the country. You can develop nexus between quality of life and quantity of people through technology. You will have definitely a few options if you do not opt for technology. It is indispensable. If you cannot developed technology just copy it from developed countries as Japan is doing with German and US technologies, as are doing China, Korea, and Malaysia by following the footstep of Japan.
The report says that at least 12,500 Pakistanis are working in the Silicon Valley, contributing their share of skills in technological advancements across the globe. But there is a lesson for Pakistani policy-makers. If Korea has adopted the Pakistani model, you can adopt Vietnam model which is one of the fastest growing economies in the world. It will soon be another Asian tiger. The most important thing you need to have is sincerity and – of course – commitment. If you have commitment and resolve with an element of sincerity, nobody can stop you from becoming a modern and developed nation. If you have the vibrant economy, every country of the world will try to become your trade partner. If you refuse to learn the complexities of the modern economy, learn to live your life in miseries and die with a begging bowl in the hands of your coming generations.
