Pakistan ranks #2 as hub for entrepreneurs

Istanbul, Turkey, 2 December 2011: AllWorld Network today announced the Pakistan winners of the Arabia500+Turkey, a ranking of the fastest growing young companies in the Middle East and North Africa, Turkey and Pakistan. 70 fast growth companies from Pakistan qualified for the Arabia500, putting Pakistan in second position after Turkey with 117 winners.

Each Pakistan entrepreneur on the ranking has grown an average of 40 percent annually between 2008 and 2010, created an average of 200 jobs per company, and is succeeding in industries from web technology to transportation, food to textiles, and construction to consulting.  An average of only 42 years old, nearly all of them plan to establish another entrepreneurial venture in the next two years. 

The Pakistan winners are in Istanbul for the 2nd Global Summit on Entrepreneurship, December 3-5.  They will meet with winners from 14 other countries and will be recognized by the Turkish Prime Minister Erdogan and US Vice President Biden, and spend three days with AllWorld’s Capital Partners Arcapita, RED/Abraaj, Eastgate Group, NCB Capital, and Cyan Limited.

Participants at the launch of Pakistan Fast Growth 25 in 2010

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