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Youth

Government Support for Youth Entrepreneurship in Pakistan

Strategic Insights

— 1 min read

Pakistan's Minister of State for Information and Broadcasting, Farrukh Habib, emphasized the government's commitment to supporting youth entrepreneurship through initiatives such as the Kamyab Jawan Program and Ehsaas Scholarship. Speaking at the concluding ceremony of the Faculty of Management Sciences (FMS) entrepreneurial drive at the International Islamic University (IIU), Habib highlighted the allocation of Rs100 billion for youth loans under the program, with a dedicated fund of Rs25 billion for women. He also pledged to provide basic education to 20 million out-of-school children in the country through the Ehsaas scholarship program.

Key Takeaways:

  • The Kamyab Jawan Program has allocated Rs100 billion for youth loans, with a dedicated fund of Rs25 billion for women.
  • The Ehsaas scholarship program aims to provide basic education to 20 million out-of-school children in Pakistan.
  • The Faculty of Management Sciences (FMS) at the International Islamic University (IIU) has launched a week-long entrepreneurial drive, including workshops, business plan competitions, and networking opportunities.
  • President of the Islamabad Chamber of Commerce (ICCI), Sardar Yasir Ilyas, emphasized the importance of academia-industry linkage for producing human resources compatible with industry needs.
  • IIU President Dr. Hathal Homoud Alotaibi highlighted the global need for entrepreneurship to address challenges such as climate change, economic instability, and poverty.
  • President IIUI, Dr. Hathal Homoud Alotaibi announced that the university will implement its new strategic plan in the new year.
  • The week-long entrepreneurial drive by FMS attracted participants from 80 universities across Pakistan.
  • The drive included workshops, a series of talks with industrial experts, business plan competition, innovative ad competition, and networking opportunities.
  • Minister Farrukh Habib encouraged youth to be involved in innovative projects, particularly addressing the leading global challenges.
  • Habib also launched the first phase of the "Kamyab Jawan Programme" for youth across the country, supporting them through technical and financial assistance.

Statistics:

  • Rs100 billion allocated for youth loans under the Kamyab Jawan Program.
  • Rs25 billion dedicated for women under the Kamyab Jawan Program.
  • 20 million out-of-school children to be provided basic education through the Ehsaas scholarship program.
  • 80 universities participated in the entrepreneurial drive by FMS.

Sources:

  • Minister of State for Information and Broadcasting, Farrukh Habib.
  • Faculty of Management Sciences (FMS) at the International Islamic University (IIU).
  • President, Islamabad Chamber of Commerce (ICCI), Sardar Yasir Ilyas.
  • President IIU, Dr. Hathal Homoud Alotaibi.
  • Faculty of Management Sciences (FMS) organized the week-long entrepreneurial drive in collaboration with the Office of the Research, Innovation and Commercialization (ORIC), IIUI.

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