News; Promoting Entrepreneurial Growth in Pakistan
Publication: Daily Times
Date: November 17, 2012
Web Address: http://www.dailytimes.com.pk/default.asp?page=2012\11\17\story_17-11-2012_pg5_14
Saturday, November 17, 2012
Promoting entrepreneurial growth in Pakistan
ISLAMABAD: Celebrating the Global Entrepreneurship Week (GEW), fifteen prominent Pakistani entrepreneurs, government officials and academic leaders gathered at a round table meeting on ‘Creating an Enabling Environment for Entrepreneurship to Grow’.
Experts explored ways to promote entrepreneurial growth in Pakistan, emphasising entrepreneurs have the potential to create solutions that can transform Pakistan and generate new jobs for millions of young graduates entering the workforce.
After avoiding the collapse of the global financial and economic system, governments around the world are now focused on building a foundation for future growth.
In addition to safeguarding the economic recovery, the world is facing a number of transformative challenges, such as an increasing scarcity of natural resources, significant demographic shifts and the environmental and social implications of climate change.
In dealing with these challenges, governments have taken an increasingly strong interest in entrepreneurship.
Amir Jahangir Young Global Leader of the WEF said, “Entrepreneurs are recognised as important drivers of economic and social progress and rapidly growing entrepreneurial enterprises are viewed as important sources of innovation, employment and productivity growth”.
The participants emphasised the need for the capacity building of the media on creating entrepreneurship as a new beat in Pakistan.
They emphasised the importance of a media fund, which can encourage young entrepreneurs and journalists to create more relevant content on entrepreneurship.
The initiative would also be able to create a new breed of mediapreneurs and journalists to understand and report on the opportunities and challenges of being an entrepreneur in Pakistan.
A speaker Farrukh Mahmood said, “We are thankful to the US Embassy for giving us the opportunity to hear from Pakistan’s leading entrepreneurs about the challenges they face in starting and running a business”.
Many recent public discussions have addressed the challenges that entrepreneurs face in Pakistan.
Panelists focused their discussions on the pivotal role of Pakistan’s private sector in spurring job creation.
Many governments are therefore trying to actively promote entrepreneurship through various forms of support. The WEF has been actively engaging early-stage and later-stage high-growth companies for many years through its technology pioneers programme and its community of global growth companies.
Creating Enabling Envir-onment for Entrepreneurship to Grow in Pakistan- Key Recommendations for action included, Triple helix entrepreneurial ecosystem components, industry, academia and government.