In terms of startups, Pakistan is being let down by the banking bureaucracy. Paypal doesn't work in Pakistan, and there is no official explanation of why it is so. Lacking a mode of easy/ secure online payments, startups are kind of dead in Pakistan at this time.
If you have a risky or nonexistent payment infrastructure, poor ability to enforce contracts, high inflation, high interest rates, and high risk due to corruption then it is going to be tough. Unfortunately these kinds of conditions cover most of the populated world.
Comments
In terms of startups, Pakistan is being let down by the banking bureaucracy. Paypal doesn't work in Pakistan, and there is no official explanation of why it is so. Lacking a mode of easy/ secure online payments, startups are kind of dead in Pakistan at this time.
If you have a risky or nonexistent payment infrastructure, poor ability to enforce contracts, high inflation, high interest rates, and high risk due to corruption then it is going to be tough. Unfortunately these kinds of conditions cover most of the populated world.