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daftarkhwan | coworking | Lahore

July 7, 2021

digitizing agriculture

Usman Javaid, CEO and Co-Founder of Ricult joined us for a daftarkhwan fireside session to share his mission and foray into disruption in the agricultural sector. Founded in 2015, the rapidly growing tech startup has been internationally acknowledged and appreciated… Continue Reading

April 12, 2021

financial inclusion — the unfair disadvantage

The term ‘Financial inclusion’ can sound extremely complex when hearing it the first time but it is actually quite simple if understood correctly. In order to attain details about this topic, Mr. Rehan Akhtar, the Chief digital officer at Karandaaz… Continue Reading

February 15, 2021

dynamism of investment in technology

Pakistan: a G20 country by 2030s When we hear the term “investment’’ we often go in circles thinking about what kinds of options are on the plate because it is automatically assumed that an investment means a… Continue Reading

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    Pakistan: a G20 country by 2030s

    When we hear the term “investment’’ we often go in circles thinking about what kinds of options are on the plate because it is automatically assumed that an investment means a return on whatever you’ve invested in. However, it is most often the minor details we tend to overlook in any investment process.

    In order to seek clarity, we decided to bring on board the expert himself. The man behind 500 startupsDeloitte, and most importantly Lakson Venture Investments Capital (LIVC). Faisal Aftab has paved the way for some of the business setups in the country! LIVC has always put its best foot forward and invested in some spectacular startups such as bookme.pkmandiexpress and knowledge platform with many more in the pipeline. During our discussion, Faisal imparted some valuable knowledge about technology paired with risk consulting.

    “Always stay original is my advice’’ as he spoke about his journey in media television channels by taking the first substantial step to bring the MTV license to Pakistan in 2006, when Faisal was roughly about twenty-eight years old. “I have always been in technology’’ was an important factor to understand the diversity in Faisal’s portfolio.

    The concept of moonlight was focused upon where Faisal cleared the misconception about the ideal example of a successful entrepreneur. There is a huge misconception that in order to venture out and do something new you must quit your existing career. This is not the case when using moonlight hours to explore your options, leaving one with the day to work on the tasks at hand.

    From 2010 to 2014, Faisal experienced a dairy farm investment failure which only translated into how to become a better investor. “Every country has its local dynamics and its very important to understand those.’

    In addition to this, one of the most important things Faisal touched upon was the “exchange of value disruption” which in lay man’s terms is the digitization of money and crypto currency and how Pakistan is struggling to bring their fair share into this mechanism. In this case the lack of monetary digitization across the globe is what is causing hindrances and holding back the velocity of flow of capital throughout the world due to localized issues everywhere. If this could be regulated and solved more efficiently, we would be able to overcome many problems in our daily practice because the speed technology is moving faster than the flow of capital itself.

    Faisal also happened to touch upon “the confluence of the two empires” which shed light on the importance of Pakistan’s strategic location. Apart from being the oldest Indus silk route, it serves as a pivot of the economic center of gravity for the world which so many are entirely unaware of. There is an array of neighboring countries dependent on us and who also benefit a lot in the process. It is not popular for many to know the correlation between Venture capital and geopolitics. Today’s age is an interesting area where digitization is disrupting the industrial revolution which also parallels China as a rising empire trying to disrupt the United states of America. Trade wars have now turned into digital daggers drawn such as TikTok versus Facebook.

    Faisal’s keen eye for the future described China as the next superpower moving towards acquiring local organizations, for example Ali baba taking over Daraz. whereas, America could potentially remain a superpower moving in from the middle east and these occurrences could possibly last up to thirty years.

    The ecosystem of technology is an under-running asset. Being the fifth most popular country on the planet gives us a lot to sit with but more to dwell on. Due to multiple regulatory issues, Pakistan compared to the rest of the world launched 4G LTE internet in 2014. From an investor’s perspective, it would make sense to invest in Pakistan based on the amount of smartphone users, not the compulsion to make the service popular in this part of the world.

    In conclusion, apart from some extremely technical and valuable knowledge across the board. The bottom-line laid emphasis on long term thinking. It is actually most often the long-term thinking that creates empires of lasting value. Pakistan is destined to be a G20 country by 2030 and if anything, that only means our informal economy is heading towards serious spikes in growth within the areas of tech platforms. No effort is wasted effort, it only gets really tough before it gets much easier. Every single thing will be worth much more than it already is especially if all the hard work present for all times to come.

    If you missed our conversation with Faisal Aftab, then watch our session here!

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