ISLAMABAD (APP) - Pakistan has immense potential for promoting business enterprises as it has a very young and talented manpower along with an ever increasing market for goods and services. Zahid Maqbool, President, ICCI said on the occasion of a launching ceremony of Pakistan Fast Growth 25 here on Thursday. Pakistan Fast Growth 25 was launched by AllWorld Network, an organization working for promotion of entrepreneurship in developed and developing countries, in collaboration with Islamabad Chamber of Commerce and Industry. The purpose of this program is to find the fastest growing private companies in Pakistan. The winning companies will be ranked according to their revenue growth between 2006 and 2008. Zahid Maqbool said that there are many challenges being faced by the entrepreneurs in Pakistan. Non-availability of business friendly environment, lack of financing facilities, high credit cost, insufficient support and guidance, inconsistent government policies, energy shortage and very high power tariffs etc. are some of the major challenges that have made things difficult for entrepreneurs and enhanced cost of doing business in Pakistan, he added. He said the government should take urgent measures to address these problems for smooth growth of entrepreneurship as its promotion will create multiple benefits for the country in form of jobs, promotion business activities and generate more tax revenue for the government. Anne Habiby, co-founder of AllWorld Network said that the Pakistan Fast Growth 25 companies led by dynamic men and women, represents a new future of the country. He said, We are honored to be working with JS Bank and other partners to put Pakistans fast growing entrepreneurs on the global radar screen. Rehmatullah Javed, Chairman, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) SMEs Committee said that this initiative of AllWorld Network will highlight the role of private sector in generating new ideas, new jobs and new industries. JS Bank representative said that we need to find and support new business leaders because they are the future of Pakistans economy.