STAFF REPORT KHI: If Pakistan can produce a single global technology company like Google or Facebook, it will result in a huge economic turnaround, thus settling the countrys entire balance of payment, LUMS Center for Entrepreneurship Executive Director Khurram Zafar.

However, he said that lack of capital is the biggest hurdle facing Pakistani start-ups, some of which have the potential to become global players.

Zafar has co-founded two software product start-ups in the Silicon Valley and advised several venture capital firms in the US. Now he is trying to convince local investors, inclined towards conventional businesses, that pouring money into the countrys technology companies is a smart bet.

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