i ECONOMY

Govt encourages business leaders to support entrepreneurshipBreaking

May 11, 2024

The government has recently engaged with business leaders across the country, encouraging them to promote entrepreneurship and foster economic growth. A recent meeting attended by prominent business figures and government officials, underscored the government's commitment to creating an enabling environment for entrepreneurship to thrive. On the occasion, Finance Minister Muhammad Aurangzeb highlighted the pivotal role of entrepreneurs in driving innovation, job creation and wealth generation, emphasising their importance in propelling Pakistan towards prosperity. During the discussions, stakeholders exchanged insights and perspectives on key challenges and opportunities facing entrepreneurs in Pakistan. Issues such as access to finance, regulatory hurdles, and skills development emerged as focal points for deliberation. Business leaders shared their experiences and recommendations, providing valuable input for policymakers to design targeted interventions and support mechanisms.

Naeem Mir, Chairman of the Supreme Council of All Pakistan Anjuman-i-Tajran, commended the government's proactive approach to engaging with the business community and reiterated the significance of entrepreneurship in driving economic progress. He emphasised the need for collaborative efforts to address barriers to entrepreneurship and create a conducive ecosystem for business growth. He also appreciated the efforts of the government to create a conducive business environment, streamline taxation policies, and promote investment opportunities to foster economic growth and prosperity. Naeem said that the business community would greatly benefit from the Tajir Dost App launched by the Federal Board of Revenue. Talking to WealthPK, Muhammad Ali, an adviser at Pakistan Business Forum, said, “As the government and business community join forces to support entrepreneurship, Pakistan is poised to harness the creativity, energy and ingenuity of its people to build a prosperous and inclusive future.

With concerted efforts and collaborative partnerships, entrepreneurship will emerge as a driving force for economic growth and social development in the country.”He emphasised that the government's proactive engagement with business leaders signals a promising shift towards prioritising entrepreneurship as a key driver of economic progress. “By fostering an ecosystem conducive to entrepreneurial endeavours, Pakistan can unlock untapped potential, spur innovation and create avenues for sustainable wealth generation.” “As the government and business community forge synergies to champion entrepreneurship, Pakistan stands poised to harness the boundless creativity, resilience and ingenuity of its people, charting a trajectory toward inclusive growth, prosperity and economic resilience. Through concerted efforts and collaborative partnerships, entrepreneurship will emerge as a dynamic force for driving sustainable development and shaping a brighter future for generations to come,” Ali noted.

Credit: Independent News Pakistan