Global Rice News

Shaza Fatima Khawaja, the Minister of State for IT and Telecommunication, recently spoke at the launch of the “State of Youth Entrepreneurship Ecosystem in Pakistan” Report.

During her address, Minister Khawaja commended the efforts of the government in promoting and supporting youth entrepreneurship in Pakistan. She highlighted the importance of providing young entrepreneurs with the necessary resources, training, and mentorship to help them succeed in their ventures.

The report, which was prepared by the Ministry of IT and Telecommunication in collaboration with various stakeholders, provides an overview of the current state of the youth entrepreneurship ecosystem in Pakistan and identifies key challenges and opportunities. It also offers recommendations for policymakers and stakeholders to further develop and strengthen the ecosystem.

One of the key findings of the report is the significant potential of the youth population in Pakistan to contribute to economic growth through entrepreneurship. With approximately 64% of the total population under the age of 30, there is a huge opportunity to harness the talent and creativity of young Pakistanis to create innovative businesses and generate employment opportunities.

In order to fully tap into this potential, the report suggests the need for an enabling environment that supports and encourages entrepreneurship. This includes establishing incubation centers and co-working spaces, providing access to financing and funding opportunities, improving the quality of entrepreneurship education and training, and promoting collaboration between academia, industry, and government.

Minister Khawaja emphasized the government’s commitment to creating such an enabling environment and announced a number of initiatives and programs aimed at supporting youth entrepreneurs. These include the establishment of entrepreneurship centers in universities across the country, the provision of seed funding and grants to startups, and the launch of mentorship programs to connect young entrepreneurs with experienced professionals.

The report also highlights the importance of digital technologies in driving entrepreneurship and innovation. It recommends the development of digital platforms and tools to facilitate access to markets, finance, and business support services for youth entrepreneurs. Minister Khawaja reiterated the government’s focus on digital transformation and the use of technology to empower the youth and drive economic growth.

In conclusion, the “State of Youth Entrepreneurship Ecosystem in Pakistan” Report provides valuable insights into the current state of entrepreneurship among the youth in Pakistan. It highlights the untapped potential and offers recommendations for creating a supportive ecosystem that enables young entrepreneurs to thrive. With the government’s commitment and the efforts of various stakeholders, Pakistan has the opportunity to unlock the creative and entrepreneurial spirit of its youth, driving economic growth and prosperity.

Source: [App.com.pk](https://www.app.com.pk)