Pakistani tycoon goes to the mountains to show investors Pakistan’s safe
Pakistani tycoon goes to the mountains to show investors Pakistan’s safe: A Pakistani tycoon has climbed up the snow covered mountains of the Northern Pakistan in order to show investors, clients along with company executives that the country is safe for business.
Using a unique way Zia Chishti is trying to convince his clients that Pakistan a country which has struggled through terrorism has now changed. Earlier the Economist had termed Pakistan “the world’s most dangerous place” almost a decade ago.
The Lahore born businessman had gathered up a group to ski in the Karakoram mountain range in Pakistan. The group included Alessandro Benetton, heir to the billionaire family that owns the iconic namesake Italian clothing company, and Huawei Technologies Co. rotating Chief Executive Officer Guo Ping.
“Pakistan by any reasonable and adaptive measure is an extremely safe place to do business,” said Chishti, whose office oversees the White House. “All in all it’s a very favourable place to do business and the world perception just has to catch up.”
With military operations which have curbed the terrorist groups which were operating inside the country, civilian death toll from terror related incidents has gone to its lowest in more than a decade.
Pakistan’s global competitiveness ranking has improved in the past two years, moving above the bottom 20 countries, according to a World Economic Forum report released this week. Crime and theft had the biggest drop in problematic factors for doing business this year along with poor work ethic of labour force.
Chishti is the Founding Partner, Chairman & Chief Executive Officer (CEO) at TRG Holdings. His latest focus is artificial intelligence company Afiniti that is planning to list on the Nasdaq Composite Index with a valuation above $2 billion next year, according to persons familiar with the matter, giving it potential to have one of the largest enterprise software IPOs in recent years.
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