Help the entrepreneur
July 13, 2021
Pakistan’s asset – its youth bulge – can translate into economic gains through development of skills and an environment consistent with the requirements of a modern economy.
The UNDP’s National Human Development Report (NHDR) 2020, highlights that currently Pakistan’s 27 million youth are looking for gainful employment with a possible option of getting groomed as entrepreneurs of tomorrow. The cohort of the unemployed youth is predominantly women and only one-third men.
To fill the aspirations of those entering the labour market, NHDR 2017 had projected the need for creation of 1.3 million jobs a year, with a labour force participation rate of 66.6 percent. The economy’s inability to create new employment opportunities can lead to 43 million people being unemployed by 2050. An undesirable outcome.
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December 30, 2020
According to the agreements, the initiative with the General Authority for Small and Medium Enterprises (Monshaat) aims to connect the enterprises with purchasing opportunities in the public and private sectors.
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RIYADH SABIC’s national initiative, Nusaned, qualified 43 entrepreneurs to invest in the Saudi market whose projects will create 6,610 job opportunities and contribute SR8.8 billion to GDP.
Their qualification was celebrated at SABIC Plastic Applications Development Center (SPADC) in Riyadh during which several agreements and memorandums of understanding (MoU) for strategic partnerships were signed to empower small and medium enterprises and to create commercial products.
The MoUs and agreements also aim at strengthening cooperation with the Saudi business community and universities in the fields of sustainability and innovation as well as developing training and industry programs, which will contribute to localizing tech