27 August 2010 – The LAUNCH of the PAKISTAN 25 is announced by JS Bank, AllWorld

Today, JS Bank and AllWorld Network announced the launch of Pakistan Fast Growth 25.  Business, NGO, and media leaders gathered for the launch of an initiative slated to be ‘an unprecedented program to find and advance the fast growth entrepreneurs creating the next economy of ideas and jobs.’

The Pakistan Fast Growth 25 is a program of AllWorld Network in partnership with Harvard Business School Professor Michael Porter and was launched in collaboration with JS Bank Limited, FPCCI and other local partners. AllWorld has similar programs in Saudi Arabia, Jordan Lebanon, UAE, Egypt, South Africa, India and Turkey. AllWorld’s mission is to create 1 million jobs by 2015. AllWorld aims to achieve this by finding and advancing ALL the growth entrepreneurs of the emerging world, and building the largest entrepreneurship information system in the world.

Commenting on behalf of AllWorld Network its cofounder Anne Habiby said that “the Pakistan Fast Growth 25 companies, led by dynamic men and women, represent a new future of the country. We are honored to be working with JS Bank Limited and our other partners to put Pakistan’s growth entrepreneurs on the global radar screen.”

Commenting on the occasion, President & CEO of JS Bank Limited, Mr. Kalim-ur-Rehman stated “JS Bank Limited is a strong advocate of innovation and growth and by partnering with AllWorld we hope to recognize and commend entrepreneurial excellence that lies within Pakistan. It is through initiative like the Pakistan Fast Growth 25, an invaluable opportunity is presented to identify compelling stories of success from emerging entrepreneurs.  Now more than ever we need to find and support these new business leaders because they are the future of the country’s economy and they will send a signal to thousands of others that they too can succeed. Our complete support is with the AllWorld team and we hope to create a great blend of successful entrepreneurs that will represent Pakistan.”

Rehmatullah Javed, Chairman of FPCCI (Federation of Pakistan Chamber of Commerce & Industries) Standing Committee on SME, speaking on the occasion said, “the Pakistan Fast Growth will highlight the role of the private sector in generating new ideas, new jobs and new industries. The Pakistan Fast Growth 25 will help identify entrepreneurship path for others to follow and will send a message around the world that Pakistan is a strong country for entrepreneurship.”

Addressing the gathering, Malik Ahmad Jalal, Director of Pakistan Fast Growth 25 said, “The solution to Pakistan’s economic challenges lies not in foreign lands, but in the entrepreneurial talent of its own citizens. Pakistani entrepreneurs have flourished in spite of some of the most restricting economic and security environments in the world. The Pakistan Fast Growth 25 is recognition of the spirit of these dynamic men and women who are a great resource and the best bet for Pakistan’s future.”

AllWorld was co-founded by Deirdre Coyle, Jr., Anne Habiby and Board chairman Harvard Business School professor Michael Porter. Professor Porter was described by the Times of London as the world’s “most influential management guru” and is widely regarded at the foremost authority on company and country competitiveness. Coyle and Habiby recently co-wrote the Harvard Business review article – The High-Intensity Entrepreneur.