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Banking on Pakistan’s Youth

Faryal Ahmed 8 th Feb, 2013. Banking on Pakistan’s Youth. Population of 180 million Two-thirds under the age of 30 42% below poverty line 30% of GDP from Small and Medium enterprises. Some Facts. Source: Economic Survey of Pakistan. Creative. Enterprising youth!. Proactive.

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Banking on Pakistan’s Youth

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  1. Faryal Ahmed 8th Feb, 2013 Banking on Pakistan’s Youth

  2. Population of 180 million • Two-thirds under the age of 30 • 42% below poverty line • 30%of GDPfromSmall and Medium enterprises Some Facts

  3. Source: Economic Survey of Pakistan

  4. Creative Enterprising youth! Proactive Initiators Ownership Self-sufficient Confident

  5. 110/189 in the ease of doing business • 73/189on getting credit • 91/189on trading across border • 105/189in starting a business Some stats on Doing business in Pakistan Source: Doing Business 2014

  6. Lack of supportinglegal framework • Lack of sustainability due to absence of mergers and acquisitions • Absence of R&D culture • Inhibiting infrastructure (energy in particular) • Government regulations on trade • Cultural barriers • Lack of access of aspiring entrepreneurs to mentors/role models • Lack of scaling up opportunities Missing links

  7. Giverecommendationsto policymakers based on science/research Way Forward

  8. Create a forum to bring together policymakers, entrepreneurs, business mentors, academia, venture capitalists, private equity investors andexpatsto propose solutions • Centre for Entrepreneurial Development of the Institute of Business Administration (IBA) • Centre for Innovation & Entrepreneurship (CIE) at NUST • The Indus Entrepreneurs (TIE) Way Forward

  9. Meetings with successful entrepreneurs • Exposure to similar forums in the US • What works/what doesn’t • Access to a large network of professionals • More knowledge about Pakistan from a group of religiously, geographically, and ethnically diverse, enthusiastic young Pakistani leaders • Possiblecollaborationwith other fellows Facets of the fellowship

  10. What’s Next?

  11. Thank you!

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