What Ails the BPO Industry in Pakistan?

#223 by jang on February 1, 2007 12:38pm PT


No REIT..actual property in pune..lazy ghatis have hit the jackpot there..

Re: # 222 by arjun

In the US pension funds, which are heavily regulated (no direct trading in derivatives for e.g.), usually have a portfolio of other funds. The proportion directly invested in stocks and bonds is small, if any, for most (to my knowledge). Yes, you are right in the sense that large pension funds do have a sizeable clout in dictating the final portfolio. Of late though, self imposed `good practices` imply indirect control. I am not sure how indirect it is. However, portfolio manager decisions are much more independent than any that I see in Lat. Am.

#222 REIT

#221 by GT on February 1, 2007 11:52am PT


What about India? Is it similar?


The wall street type is always clubbish..even in the US..the big wall street firms trying to get you to invest in whatever with ads on TV have an unfair advantage..

India, in the days of Harshad Mehta, used to be a crazy place with stocks going up for no reason other than Harshadbhai`s men were asking about it..

That`s all in the past now..It`s run fairly professionally..I even know people in India who`re doing investment work for Wall Street firms..for investments in the US..

The BSE right now is overheated..I got out when it was much lower and moved the money to real estate...there`s a major correction coming...

Re: # 208 by jang:

Jai Bhavani,

Interesting that you mention this. I am advising a pension company on portfolio management. The company has operations all over the world and it is facing certain problems in domestic Latin American markets. I get to talk to some of their Latin American portfolio managers. It is simply amazing ..... These guys draw salaries and get bonuses almost equal to their US counterparts. Yet they can hardly spell `portfolio`. I am told that the `skill premium` in these countries is very high. I really do not understand what that means. However, I did find out that trading in these countries is very opaque (traders hardly reveal spreads say) and `clubish`. Forming a portfolio is solely done on the basis of some vague consensus in the `club` (which often includes traders and portfolio managers from the competition). And entry into the `club` is VERY restricted. No matter these guys draw high salaries! `Skill premium`?....my foot.

What about India? Is it similar?

#215 by zeemax on February 1, 2007 8:10am PT


You paraded me naked because I couldn`t find the link to the forum where it was posted?

Seriously...if this the same zeemax of the ``grim faced abizaid`` and ``amarnath/amaranth`` fame?

How Jinnah would have ensured that loads and loads of BPO work landed right there in the Land of the Pure - and kept coming in by truckloads.

His well-proven methodology is entitled

``MY WAY, OR THE HIGHWAY!``

manto i have no idea what it costs..i was guessing in paki rupees..i thought it costs 20 lacks in indian so prolly 30 in paki. clearly i did not know.

in any case, can you comment on cost of human resources query? even to become a value-added manufacturer, you need skilled workers in a competative global scenario and that cannot be raised. i hear that salaries in pakistan are much higher than in india, and if and when there is pressure from say Honda setting up a plant in pakistan, there will be further upward pressure. this problem is very much accute in india e.g. and well aknowledged to be a major stumbling block, and govt is frentically raising ITIs as well as IITs to band-aid.

#216 by devkant

And how much would be this?

``#213 by Mantolives on February 1, 2007 8:00am PT
Don`t tell me Honda City costs 30 lakhs in India.``

a honda city costs something in the range of 7 to 9 lakhs on road, depending where u take it, bombay being the most expensive.

civic should be in the range of 11 - 13 i think and accord in 15 to 18.

rgds,

devkant

I`ve never seen a bigger beyghairat than dhotilal_googlemal.

Imagine the gall after having been caught red handed trying to defraud on Shandana`s board and paraded naked on Chowk. And he still jumps up and down with a blackened face.

#213 by Mantolives on February 1, 2007 8:00am PT

manto..How`s your father`s Revo holding up?

jang mian,

Don`t tell me Honda City costs 30 lakhs in India. If so, then maybe the advantages of doing business in Pakistan must be much higher than earlier anticipated :).

#202 by Mantolives on February 1, 2007 6:15am PT



As for human resources... it is well known that skilled Pakistanis are as good as if not better than Indians..


Well known in pakiland perhaps...not in the real world...

I just read that there are 8 Indians in the Forbes list of top 100 Venture capitalists...

How come there are no paki billionaires?

Take intel for example where your brother in law is at the super duper position of manager!! 3 VPs there are are Indians...

Please show us where pakis figure in lists such as Forbes....and please...nothing out of the POIMPA lists...


p.s. Paki jihadis are well known..in that you`re the top country in the world...

Re: # 206

``The reality is that unless you get a grip on this and take an uncompromising, unrelenting stance against radical Islam, which actually has little to with normal Islam, your country will only limp along. It cannot succeed, period``

Completely agreed. Please visit one of my earlier posts addressed to you... I think it was in 120s I think.

#208 by jang

a scarcity of qualified human resources.

That`s exactly my point. You don`t add domestic skills in servicing knowledge based economies. You do it by `becoming` a knowledge based economy. And you can`t do it by service sector. It has to be manufacturing for moving up in the value-addition chain.