Furthermore, PM pledged to take stringent action against government departments and officials who created impediments in the setting up of new startups and export-oriented businesses. He also said that new incentives would be offered to new startups, which had been neglected in the past. In this regard, the PM said,
Silicon Valley: A model of inspiration for Startups in Pakistan
Quoting the example of Silicon Valley (the hub of startups and global technology companies), he said that many youngsters around the globe had become billionaires because of IT-related startups. In addition to that, the Prime Minister said that the SME sector was the largest biggest source of employment and can be a great contribution to the country’s economy. He also gave examples of ASEAN tigers such as Malaysia, Singapore, etc, as these nations adopted export-oriented industrialization (EOI) and set up SMEs which boosted their economies. Also Read: 35 Best Small Business Ideas with Low Investment PM Imran informed that the government of Pakistan was facilitating the young generation in receiving credit and other facilities. Furthermore, the prime minister said that he was happy that “$500 million investment in Pakistani startups is coming in from abroad,” and claimed that the country was heading in the right direction. Check out? Microsoft for Startups celebrates GrowthX Accelerator’s first cohort graduates from across MENA
