12-15-2003, 10:33 AM
Hi Guybrush and all
When I first came to know about the association of pakistani companies and UK practices, I was delighted, I thought that backend operations are being transferred to pakistan by foreign practices, which is a multi billion (yes billion) dollar industry.
With time speaking to the professional and other contacts, I realized that its nothing more than a marriage of convenience for foreign companies. They use pakistani associates when there is a project within pakistan, but no new work flows to the country.
All the foreign practices are taking their backend and middleend operations to countries around pakistan, not even to Eastern Europe. I honestly believe that If big practices of pakistan had collaborated with medium or smaller size foreign practices, they had more chance of becoming the backend offices of these practices whose turnovers runs in millions of dollars and pakistani practices would have accessed the bigger market. But collaborating with big practices they have effectively killed off such a move by any small or medium sized foreign practice.
FOr the benefit of those who want a bit more detail, I have worked for over 5 years with my last employer. The company happened to be a respectable city based firm of Jewish Chartered Accountants. I controlled the tax side and as such I had a limited (very limited) say in the Top managments' decision making process. The senior partner visited Pakistan in or around December 2000. As soon as he became aware that all the reputable companies are associated with big UK names he cancelled his program of meetings with such companies, he did other things and came back to UK but backend operations were not taken to pakistan. I think pakistani practices should aim to maximise the revenue potential and should aim to associate with companies of small or medium size.
Thanks
zubair
When I first came to know about the association of pakistani companies and UK practices, I was delighted, I thought that backend operations are being transferred to pakistan by foreign practices, which is a multi billion (yes billion) dollar industry.
With time speaking to the professional and other contacts, I realized that its nothing more than a marriage of convenience for foreign companies. They use pakistani associates when there is a project within pakistan, but no new work flows to the country.
All the foreign practices are taking their backend and middleend operations to countries around pakistan, not even to Eastern Europe. I honestly believe that If big practices of pakistan had collaborated with medium or smaller size foreign practices, they had more chance of becoming the backend offices of these practices whose turnovers runs in millions of dollars and pakistani practices would have accessed the bigger market. But collaborating with big practices they have effectively killed off such a move by any small or medium sized foreign practice.
FOr the benefit of those who want a bit more detail, I have worked for over 5 years with my last employer. The company happened to be a respectable city based firm of Jewish Chartered Accountants. I controlled the tax side and as such I had a limited (very limited) say in the Top managments' decision making process. The senior partner visited Pakistan in or around December 2000. As soon as he became aware that all the reputable companies are associated with big UK names he cancelled his program of meetings with such companies, he did other things and came back to UK but backend operations were not taken to pakistan. I think pakistani practices should aim to maximise the revenue potential and should aim to associate with companies of small or medium size.
Thanks
zubair
