Due to the shrinking job market, the only viable alternate left for the youth is to start their own businesses — and look to become entrepreneurs. Of the many challenges faced by a budding entrepreneur, access to finance is, obviously, the most crucial.
Funding is critical to starting a business — from renting a premise, hiring staff, funding office equipment, start-up capital, construction costs among others. All of these require massive amounts of capital.
Pakistan’s growth, like any developed nation, will be driven by entrepreneurs and small and medium enterprises (SMEs). Unfortunately, there is no entrepreneur ecosystem or a national strategy to tackle this issue.