As coke studio hums in the background I got to learn today about two great growth stories. So here goes my “rant in good mood”. In Lahore, Umar Saif’s SCI (pronounced SKY, Saif Center for Innovation), an incubation center for startups recently launched in its own 4 storey building.
In Karachi, the new TPS Tower hosted a lunch of about 30 CEOs from the technology industry, inviting them to celebrate the opening of the new TPS Tower building. TPS , as a software firm is now is big enough to have its own tower! And all this with the amazing live music of the Coke studio sessions playing in the background makes for a very resounding and optimistic feeling about the innovation and growth happening in Pakistan. Do I sound like an advertisement for music and tech industries in Pakistan?
On a side note, the FX reserves of the country are now at 12 billion, hitting a high for the year. (They were at 3 billion and everyone was freaking out a few months ago). The Taliban are on the run and all but brought down. All we need to do now is fire the KESC’s management (and the local Siemens guys) and get our local engineers to fix the problems that the organizational structure has not let them so far.
So, sooner or later, this resilient economy will explode with growth and even more opportunities. Where will you be when that happens?
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July 13th, 2009 at 4:20 pm
You are spot on regarding KESC. These geniuses think they can run an organization with two layers of top management, each of which is isolated from the other and often at loggerheads. The ‘old guard’ from the top and middle management as well as the lower levels of KESC is the only thing that keeps this organization alive (barely).
July 20th, 2009 at 8:32 pm
Amidst massive power failures and water shortage, the success stories from the IT sector always bring hope and optimism; giving us some energy.
I second ur idea of kicking out KESC Management and their incompetent staff!
July 22nd, 2009 at 10:20 pm
@Fariha: The Pakistani economy is truly ‘resilient’!
September 25th, 2009 at 1:04 am
8 billion reserve addition is thanks to IMF loan.