Do you want to start a business in Pakistan but are missing on a business idea? Consider some of the following business ideas and you might hit a jackpot:
- Start a Software Company
Pakistan currently doesn’t really have any big software company. Part
of the reason is the widespread usage and acceptance of software piracy and its
products. Another is the quality competition that foreign software companies
offer. These hurdles generally have hindered the growth of software companies
in Pakistan. Having said this more and more companies and offices are these
days looking for cheaper solutions which foreign companies cannot provide. Hence
opportunities in the areas of website development, planning and maintenance
software, and management and communication systems have risen and should
continue to flourish.
- Start a Consultancy Business
Immigration and educational consultants have been on the rise in the
recent decade and the business is pretty much dominated by a couple of consultancy
companies. Other areas to look into consultancy therefore are operations
management, strategic management and IT consultancy. These areas are still less
dominated and present an ideal opportunity for anyone with the right expertise
and experience to enter. Foreign companies like Accenture, McKinsey, BCG, Bain,
etc have yet to enter Pakistan and therefore can present themselves as a threat
in future.
- Install an Automobile Manufacturing Plant
If you have capital or the backing of venture capitalists consider
starting an automobile manufacturing setup. Pakistan currently has almost 13 automobile
companies (foreign and domestic both) operating
within its borders and most of the top manufacturing plants are of foreign
companies which offer expensive products. Offering cheaper automobiles
customized for the Pakistani market might be
viable option to look into.
- Start Power Plants
Pakistan has been facing an energy crisis for quite some
while now. The demand for electricity has been increasing and the supply has
remained almost constant if not totally. Start multiple power plant projects
and rid Pakistan of this problem. Power plants can be of various types: gas,
oil, coal, wind, solar, hydal, nuclear, etc.
- Start a Securities Company
More and more corporate offices and residential
units these days are emphasing on security. Consider being a one stop for them
all. Solutions ranging from pure electronic (such as security cameras and an
automatic monitoring system) to security personnel can be provided. Reduce the
crime rate in Pakistan while earning top money as well.
Image by Julian
