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Faryal Ahmed: Banking on Pakistan's Youth

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Presentation by Emerging Leaders of Pakistan Fellow Faryal Ahmed.

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Faryal Ahmed: Banking on Pakistan's Youth

  1. 1. Faryal Ahmed 8th Feb, 2013
  2. 2.  Population of 180 million Two-thirds under the age of 30 42% below poverty line 30% of GDP from Small and Medium enterprises
  3. 3. 2 2.2 2.4 2.6 2.8 3 3.2 3.4 3.6 2006-07 2007-08 2008-09 2009-10 2010-11 Million Unemployed Labour force (million no.) 2006-07 2007-08 2008-09 2009-10 2010-11 Labour force 50.33 51.78 53.72 56.33 57.24 Employed 47.65 49.09 50.79 53.21 53.84 Unemployed 2.68 2.69 2.93 3.12 3.4 Source: Economic Survey of Pakistan
  4. 4. Self-sufficient Proactive Creative Initiators Confident Ownership
  5. 5. 110/189 in the ease of doing business 73/189 on getting credit 91/189 on trading across border 105/189 in starting a business Source: Doing Business 2014
  6. 6.  Lack of supporting legal 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
  7. 7.  Give recommendations to policymakers based on science/research
  8. 8.  Create a forum to bring together policymakers, entrepreneurs, b usiness mentors, academia, venture capitalists, private equity investors and expats to propose solutions  Centre for Entrepreneurial Development of the Institute of Business Administration (IBA)  Centre for Innovation & Entrepreneurship (CIE) at NUST  The Indus Entrepreneurs (TIE)
  9. 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  Possible collaboration with other fellows

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