Faryal Ahmed: Banking on Pakistan's Youth

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Presentation by Emerging Leaders of Pakistan Fellow Faryal Ahmed.

Published in: News & Politics
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  • Source: Doing Business 2014 as of June 1, 2013114 economies had 238 reforms. Pakistan had none in 2012/13
  • Difficulty coping with high fixed costs of licensing requirements, lack of clarity with regards to taxation, development of alternatives to poorly performing infrastructureSocial sanctions in the face of failure, lack of peer experience, lack of entrepreneurial role models (lack of access)
  • Women 2.0500startupsPrime Minister Loan ProgramsPakistan Agricultural Council
  • Women 2.0500startupsPrime Minister Loan ProgramsPakistan Agricultural Council
  • 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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