Entrepreneur

An entrepreneur is a person who has possession of anewenterprise,ventureor ideaand assumes significant accountability for the inherent risks and the outcome.The term is originally aloanwordfromFrenchand was first defined by the Irish economist Richard Cantillon. Entrepreneur inEnglishis a term applied to the type of personality who is willing to take upon him a new venture or enterprise andaccepts full responsibility for the outcome. Jean-Baptiste Say, a French economist is believed to have coined the word"entrepreneur" first in about 1800. He said an entrepreneur is "one who undertakesan enterprise, especially a contractor, acting as intermediately between capital andlabour." As a leader the entrepreneur is the main person behind a firm; she or he candemonstrate her or his quality as a leader by choosing the right managers for thefirm. ScholarRobert B. Reich considers leadership, management ability, andas essential qualities of an entrepreneur. This concept has its origins in thework of Richard Cantillonin his Essai sur la Nature du Commerce en (1755) and Jean-Baptiste Say(1803 or 1834) in his Treatise on Political Economy . A more generally held theory is that entrepreneurs emerge from the population ondemand, from the combination of opportunities and people well-positioned to takeadvantage of them. An entrepreneur may perceive that they are among the few torecognize or be able to solve a problem.

Background of Malik Riaz Although Malik Riaz belonged to a wealthy family, his fathers contracting business collapsed when he was just 19. By that time, he began his career as alowly clerk in Islamabad. Although there is no information available on hiseducational stream, some close to the entrepreneur say that he is a real intelligent person. He has been so poor during the initial years of his marriage that he did nothave money to purchase medicine for his infant daughter. According to him, henever forgets being poor and that keeps him modest and generous. In the late1970s, he was given loan by a friend to invest in contracting business. Riaz workedday and night for the success of his business and proved himself as a great businessman. With the passage of time, his business and experience grew and he moved onto Malaysia for further projects. During his stay at Malaysia, he decided tointroduce a world class luxury housing society in Pakistan and in the

year 1996, helaunched Bahria Town. Malik Riaz Hussain is a Pakistani Real Estate Developer. He is known for creating Bahria Town, one of Asia's largest planned communities. Bahria Town,set between the capitalIslamabadand its sister city Rawalpindi, is the"masterpiece" of his 40-year career, a $6 billion project. The nine phases: too vastto fully appreciate without standing on one of the plateaus that overlook them, willone day mesh together into a planned residential city for 1 million people. The project broke ground in 1996, and already, many of the 50,000 luxury properties inthe development are owned by wealthy Pakistan expatriates who swooped into Bahria Town after 9/11 to buy second homes amid fears they would be driven outof places like London, New York and Los Angeles. Equally important was thesecurity and serenity thatBahria Townprovides, which drew Pakistan expats and asmattering of wealthy Arab Muslims away from places likeDubai. Net Worth Malik Riaz is officially one of the wealthies Pakistani's with a net worth estimatedat USD 800 million. Philanthropy Following the devastating floods in Pakistan that took place in 2010, Malik Riaz pledged to give away 75% of his wealth to the country. He urged fellow wealthyPakistani's to do the same and even wrote letters to 100 of the richest individuals inPakistan. Because of his philanthropic initiatives, he is being dubbed as theWarren Buffett of Pakistan. Mr. Malik Riaz as an Entrepreneur When it comes to entrepreneurship, Malik Riaz is one of the names thatcome to the minds of many. In fact, Entrepreneurship has itself found newmeanings in the personality of Mr. Malik Riaz. He attributes his success tohis hard work and faith in Allah. According to him, he sets aside 2.5% of theprofits and disburses to the charity. Mr. Malik Riaz possesses the following entrepreneurial traits:Bold and Confident No matter what it takes, Mr. Malik Riaz would always stand by his words.We have a practical example for this. Mr. Riaz wanted to make BahriaTown a trusted corporation and he has always been partnering withconglomerates like DHA and Starwood Resorts to enhance credibility. A never, never, never quit Attitude Riazs never-quit attitude is one of the most prominent reasons behind hissuccess. When he began operation in Pakistan, he was forced to give upby political, economic and competitive forces. But then, he found his way inthe interests of both the country and its politicians.

Devoted disproportionate time to the Business Riazs restless nature hascontributed a lot to his success. He is always producing new ideas andproviding ways for their practical implementation. Always seeks Personal Satisfaction Mr. Malik Riaz would always do things which he enjoys and once hesfinished, he achieves personal satisfaction. The whole Bahria Town projectwas no less than a dream to him and he has done his very best to realize it. Manages Money Wisely Although he has not taken formal accounting education, Riaz is too goodwith numbers. He keeps himself updated with the real estate market andmanages his money in the most appropriate manner. For instance, whenRiaz was about to launch Bahria Homes (8 Marla Houses), he asked all theSafari Home owners to sell their homes back to him at two times of thepurchasing price. The owners did and he launched those Bahria and SafariHomes at five times of the original price. He is an expert when it comes tocash/money management. Knows his Customers Malik Riaz understands the psyche of Pakistani customers. He knows thatthe ultimate dream of a Pakistani national is to have a house of his ownand his housing

Bahria Towns Background Bahria Town was established in the year 1996. The main objective was to build notonly homes but several value-added, master planned commercial projects thatwould contribute to the economic development of the country. The chairman/CEOMr. Malik Riaz got a contract to develop 2,388 kanals of Revenue EmployeesCooperative Housing Society land. Although several controversies have affectedthe image of Bahria Town, yet it has been successful to maintain the impression of a luxury housing society. Chairman's Message Bahria Town is the force turning the vision of Pakistan into reality. Bahria Towns20,000 direct employees are delivering iconic developments, driving leadership, pioneering innovation and creating a legacy for generations to come. Landmark buildings, thriving communities, market leading retail offerings and unprecedentedinvestment opportunities. We are making a huge contribution to the improvementof peoples life and opportunities. Discover Bahria Town through the 6 Divisions based on Master Planned Communities, Education, Healthcare, Media,Recreation/Retail and Hospitality.The effects of our value system are far reaching. We have forever raised thestandards of real estate development by giving awareness to the customer. The realestate sector has today been formally recognized as an Industry in Pakistan.Investment in over rupee 9 trillion across the past 2 years only in new housinginitiatives has activated economy, provided over 100,000 jobs, sustained anddeveloped dependent industries and attracted immense foreign exchange inflowfrom overseas Pakistanis. Bahria Town has established the national economy bymotivating pure foreign investment in the real estate

sector.We all owe this to our great people; a nation that has earned the reputation of anaware society that welcomes initiatives, values innovation and rewards quality. Thesame people make up the happening team at Bahria Town. From officer to senior management and field to the corporate office, every single member of our family isdedicated to live the promise that we have all sworn; continuous improvement inthe quality of lifestyle however diverse and demanding!I would like to re-commit here that we shall continue to be the most innovative, pioneering, leading, value driven, choicest option for those who work for the cause,our employees and our customers alike.The world is looking at us today as the preferred investment destination. Lets us all be proud and keep ourselves ready to deliver consistently over and over again.I welcome you all to the Lifestyle Destination that we comprehend as Bahria Town. Malik Riaz Hussain Chairman

Vision To build the future, we need ideas, the free flow of those ideas, and the effectiveuse of human power and technology to shape those ideas into life changing groundrealities. Globalization makes all this ever more possible and easier, since thelandmarks in luxury lifestyle around the world, that took centuries to be built and perfected, are the priceless jewels of our inspiration.Yet, there is much more to be achieved, many novel ideas to be conceived, and agreat many horizons waiting to be discovered. Bahria Town looks forward toinspire the world more than it inspires us. ------------------------------------------------------------------------------------Mission Bahria Town aspires to be Pakistans greatest builder of all times, with projectsoffered to an eclectic mix of segments , at choice locations with world classamenities, while ensuring the highest international standards, timely delivery, andlifelong customer satisfaction.

Early Days of Bahria Town During its initial days, Bahria Town was no less than a paradise in the jungle.There were hills and mountains all around and people were quite hesitant to invest.But then, with the passage of time and awareness provided through media, BahriaTown started to gain popularity with people. In fact, just as DHA, Bahria Town became of the most trusted housing societies of Pakistan. Although there is noexact count of employees available, it is said that Bahria Town emerged as one of the most leading conglomerates that brought employment to the country. At this point in time, Bahria Town has more than 21,000 employees in different parts of the world and is looking forward to hire some more for its further projects inMurree and Karachi. Bahria Town A Journey of Success

Bahria Town which began as a housing society in the year 1996 is working on anumber of existing and potential housing and commercial projects. The companyoperates in three cities at present namely, Rawalpindi, Islamabad and Lahore and itis looking forward to expand in Murree and Karachi as well. During the course of its success, Bahria Town launched several housing, commercial and welfare projects. These include: Safari Villas Safari Apartments Safari Valley Bahria Homes Meadows Executive Lodges Bahria University ACE Academy Commercial Zones Bahria Town Dastarkhwan and many others. Some of the reasons behind Bahria Towns success include : Capable human resource. Exceptional security system ,Clean and healthyenvironment Strict rules and regulations for every person who resides or operates business within the boundaries of Bahria Town CEO Malik Riazs honest effortsand maintenance programs.In addition to these strengths, Bahria Town has been involved in various affiliatesPrograms which contributed to its positive image and long-term success. At present, Bahria Town is partners with DHAI, OJMR (Los Angeles) and StarwoodHotels andResorts.

Welfare Projects Providing daily free meals, twice a day, to more than 35,000 peoplethroughout Pakistan under Bahria Town Dastarkhwan. Thousands benefit from free medical treatment ranging from dialysis to openheart surgery, bone marrow transplant to general treatments in 3 large BahriaTown Trust hospitals. Mobile dispensaries providing free medicines in rural areas. Regular financial support to Al-Shifa Trust, Shaukat Khanum MemorialTrust, Sahara Trust, SOS Village and many more welfare organizations. Running centers for over 4,000 orphans with educational and lodgingfacilities.

 Delivered thousands of Pakistans first low cost 5 marla houses of Rs 3.5and 5 Lakhs only. Conducted combined marriages of more than 4,500 couples. Providing micro-finance loans to students in Rawalpindi AgriculturalUniversity. Running various schools, institutes and colleges in different cities andvillages with more than 7,000 students. Always at the forefront in helping the nation in times of natural calamities &unfortunate incidents such as the 2005 devastating earthquake, Margalla Tower & fire at the MarriottHotel and Ghakhar Plaza Rawalpindi. Also led many relief teams for the aid of IDPs, which provided financial, medical & food assistance. Medical Camp established at Swabi has served over 30,000 patients already.

We have strong faith in Pakistan and its future. We are proud to be a part of thisgreat nation and are honored to contribute towards its economic and socialdevelopment. We work relentlessly towards the development of a modern and progressive Pakistan and are thankful to our more than 200,000 members for their continued support and unparalleled confidence in the leadership of Bahria Town.

Bahria Town Hospitality Sheraton Hotels & Resorts Sunset Blvd, Guest Houses Safari Guest Houses Bahria Town Education Provides an environment which is not only conducive to learning and character building, but where students are prepared for the responsibilities, opportunities andchallenges of adulthood.Conscientiously designed schools and the finest team of educationistsACE International Academy (http://www.aceia.edu.pk/) Purpose Built Campus with 4 Storey Building giving modern facilities for educational programs and play grounds. Pre-school to IGCSE and A-levels. Accredited Centre for Cambridge International Examination (CIE)Board.

 Highly qualified and experienced faculty Accommodating over 800 students Fully Networked Classrooms State-of-the-art Athletic Facilities Knowledge Based Educational Programs Classrooms equipped with smart interactive boards Bahria University City A purpose built campus with hostels, accommodation, administration block,restaurants, conference halls, community club etc.Schools in Bahria Town Lahore and RawalpindiPre-school to intermediate level educationAccredited by University of Cambridge International Examination for O/A Levelsand Agha Khan Board Pakistan for Matriculation ExamsOver 800 students in Bahria Town Rawalpindi School and 400 in Bahria TownLahore School Bahria Town Health Care Complete Healthcare facilitiesHigh-quality, affordable and accessible care.Most modern and sophisticated equipmentRun by highly qualified medical specialists.Bahria Town Hospital Lahore & Islamabad

Fully operational hospitalsDepartments: Nephrology, ENT, Neurology, Pediatrics, Orthopedics, Dentistry,General surgery, Eye department, Cardiology, Gynecology, Dental surgery,Dermatology, 24 hours emergency care unit/trauma centre, 24/7 On call ambulanceservicesServices & MaintenancePolice StationPost OfficeEmergency Services (Fire Brigade, Mobile Health Units)Maintenance Services & Garbage Disposal Bahria Town Trust Akhtar Ruksana Memorial TrustModern Healthcare Hospitals in Rawalpindi & LahoreMore than Rs.400 Million so far spent on welfare activities in different cities.At forefront during the recent devastating earthquake that struck our nation.Process of setting up a chain of hospitals in Pakistan.An established education trust fund.Coordinating with a number of organizations and institutes nationwideRegular medical campsBahria Town DastarkhwanLocated in Karachi, Lahore, Rawalpindi, Larkana.Providing free meals daily to the underprivileged people. Serving rotating menuweekly. Dastarkhwan Two meals a day for the poor is a small contribution But, even small contributionscan make a big difference. An unprecedented initiative providing FREE meals,twice a day, to more than 35,000 people throughout Pakistan. Opening 12 moreDastarkhwan in addition to 6 already operational outlets. Overall spending of PKR 30 million rupees on providing 10,500,000 meals annually. By

the grace of godalmighty we are providing free daily meals to more than 35,000 people daily, twicea day. We will Inshallah be opening 12 more Dastarkhwan in addition to 6 alreadyoperational.

Our Fight Against Hunger This project is dearest to me. We are Alhamdulillah providing free daily meals tomore than 35,000 people daily, twice a day. We will Inshallah be opening 12 moreDastarkhwan in addition to 6 already operational. I am very thankful to GodAlmighty for having me privileged enough to be able to serve others. Malik RiazHussain, Chairman Bahria Town. Above and beyond the contribution of BahriaTown in different sectors, now Bahria Town has come up with a new social projectof Bahria Dastarkhwan to feed the underprivileged people, who are unable to getthe basic food. Bahria Town Dastarkhwan is providing free meals, twice a day,daily to people. Its impact is not only felt by the poor who come and eat there butalso by the families they have left behind who benefit from the hard earned moneywhich they save on each free meal. General Features Every person who attends Bahria Town Dastarkhwan is treated as a guest, so asnot to hurt his integrity, and served with quality & hygienic food on tables in air-conditioned halls with separate arrangements for males & females. The doors areopen for everyone. There is no restriction on people or quantity of food asked byeach. Food Each Dastarkhwan has its own kitchen in its premises. Fresh food is prepared daily by the staff. Food is prepared in an hygienic manner. The menukeeps rotating with pulses & meat. Halwa as a dessert is also added on Sundays.During the Holy Month of Ramadan special iftar is also served. SecuritySpecial security arrangements are made to avoid any unpleasantincident. Walk through gates are installed. Male and female security personnel aredeputed to check gents and ladies respectively. Fire brigade staff with vehicles andmedical staff are also deputed.

Social and Financial Impact Mostly lower income segment group comes for food at Dastarkhwan. Dining outside costs Rs. 35 per meal per person. AtDastarkhwan one can save almost Rs. 2,000 per month. It ultimately helps him/her to meet other living expenditures & also save and send more amounts back home.Moreover his/her integrity does not get tarnished. Testimonials LT. General Sallah Ud Din, HI, HI (M), S Bt | Chief of theGeneral Staff | General Headquarters Rawalpindi

Over the years Bahria Town has definitely emerged as kind of amodel for modern community living in Pakistan. Your ingenuityand imagination has ushered in an era of modern housing in thecountry which will have positive effects on the peoples life styleand has provided a concept for other organizations and companiesin Pakistan to emulate.I pray your set up helps in bringing positive changes in the lifes of the common Pakistanis to be able to afford quality living in secureand serene environment within their humble and limited means.I wish Bahria Town the very best of luck in bringing greaterhappiness in the lives of our country men and success in theirprojects. Maj. Mansoor (Rawalpindi) Excellent! Its a beautiful place to live. I really appreciate the workof Bahria Town. The whole Bahria Town is nothing more like aparadise. Col. Zahid Hussain (Rawalpindi) Brilliant Work! Its such a wonderful place to live. The staff deputed here is very co-operative and professional. Security isexceptional. Dr. Zahoor Ahmed (Peshawar) I was really impressed from the designing and decorum of thehouse, especially the accommodation of facilities in 600 yardsplot. Brig. Sajid Rizvi Creative designs with false ceilings and depression in the walls.The efforts to set these new trends inhousing sector are highly appreciated. Mahmood Salim Mahmood | Secretary, Ministry of Women Development Your pioneering venture in building a world class community life in Pakistancontinues to receive the applause of one and all.Kindly accept my personal compliments and best wishes for your glorious andunrelenting achievements in the years to come. Muhammad Ijaz Ul Haq | Ministry of Religious Affairs, Zakat & Ushr,Government of Pakistan .it is indeed a matter of credit and pride for you and your colleagues to haveexcelled in the vital filed of urban housing. Please accept and convey myappreciation to your staff and associates for the continued hard work and qualityservices provided to public at large. CM Khalid | Chief Executive | Shahnawaz textiles You are a success story and need congratulations for setting new trend in qualityand efficiency. Brig. Hafeez Ahmed (Retd) SI | Managing Director | Utility StoresCorporation of Pakistan It is a source of pleasure to see your contribution in building housing facilities of high class with excellent environments.

Jehangir A Monnoo | Chairman | Monnoo Group of industries Indeed your company is a trend setter in the construction field of Pakistan. With itsinnovative way of construction and development, it has brought out such projects ashave never been undertaken by anyone in the country. Due to this novelty andrevolutionary approach, it has certainly earned good reputation not only for itself but also for Pakistan. No doubt all that entails your strong personal devotion andendeavors that you have made for the better living standards of our people.I would like to congratulate you on getting this hallmark for Pakistan and also prayfor the further success of your projects underway. Zahid Iqbal | PakRealEstate During my visit to Bahria Town, I personally witnessed all that has contributed toits unprecedented success and fame. Its time we think out-of-the-box and bravelyembrace the changing world. Real estate is not only selling plots; its also giving people the lifestyles they crave. In our country, real estate is turning corners for the better, and multinationals developers are coming in, bringing with them innovativeconcepts and totally new ideas. Bahria Town, being the pioneer in innovativedevelopment, offers immense opportunities for our success. Just pay a visit yourself and experience the unexplainable! I am grateful to Bahria Towns management for introducing me to their exclusive world, and giving me a whole new way of thinking. Syed Nasim Uddin | G.N. Estate For a common man, Bahria Town is the only hope of ever getting a state-of-the-artand convenient residence. Computerized file transfer system, modern planning,state-of-the-art amenities, and the overall vision, all make Bahria Town the ultimateresidential society in Pakistan. Zulfiqar Hussain | The Accommodators Its a lucrative opportunity for investment. Above that, Malik Riaz Hussainsvision, the commitments of its management and staff, and the unmatchedconstruction standards have totally changed my way of thinking. Qamar Shah | Eagle Estate Agency World class residential facilities, honest management and committed staff, makeBahria Town the best housing society in Pakistan. Khurshid Azam | A.K. Real Estate The modern Call Center and dedicated staff are the true drivers of Bahria Townssuccess. Even the ownership transfer system and record keeping are exemplary. Irfan Ullah | Awan House & Estate Bahria Town is a totally exceptional backed by a unique vision. I can see no matchfor it in Karachi. One may find such exclusive projects in foreign countries, butseeing one right in my homeland is amazing.

Saleem Thobani | Sardinia Estate Its a pleasure to see such an outstanding housing society in Pakistan