Professional Documents
Culture Documents
Economic Development in Pakistan
Economic Development in Pakistan
ECONOMIC DEVELOPMENT
AND ENTREPRENEURSHIP IN
PAKISTAN
INCREASE
PRODUCTTIVI
TY
1 2 3
FACTORDRIVEN
EFFICIENCY
-DRIVEN
INNOVATIO
N-DRIVEN
PAKISTAN
ENTREPRENEURSHI
P IN PAKISTAN
Entrepreneurship in Pakistan
Small And Medium Enterprises
(SMEs) with less than 100
employees constitute nearly 90%
of all 3.5 million private firms
that `employ 80% of the nonagricultural labor force; and their
share in the annual GDP is 40%.
Entrepreneurship in Pakistan
Opportunities
Majority of the youth entering the labor force over the next two decades will
have little education and skills catering to market demand. Moreover,
continuous shocks to the economy such as energy crisis, international
commodity price shocks, security issues, and floods
have left little resilience in the economy and absorption capacity for growing
youth labor force.
This required a rethinking about the sources of growth in Pakistans
context and entrepreneurship has the greatest potential to fill this
gap.
In eight years, between 1999 and 2007, Pakistan had increased R&D
investment by 600% .
Number of researchers in Pakistan has grown from 187 per million in 2005
to 310 in 2007. Though Pakistan suffered significant economic challenges,
there is still considerable R&D capacity in the nations universities and
institutions, particularly in the science and technology focused programs
presentation