Report on entrepreneurial activity released

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Karachi Residents of Sindh and Balochistan have a more favourable attitude towards entrepreneurship and are more optimistic about potential opportunities.

 

This was stated in the second Global Entrepreneurship Monitor (Gem) Pakistan report released in a public ceremony at the Institute of Business Administration’s (IBA) main campus on Wednesday.

Pioneered by the Centre for Entrepreneurial Development, the study also said that Balochistan had the highest rate of active involvement in start-up efforts and Punjab had the highest rate of established business owners.

 

Gem is an international research initiative for promoting entrepreneurship and is implemented in over 80 countries.

 

Gem studies are conducted under the auspices of the Global Entrepreneurship Research Association.

 

Policymakers and educators around the world use Gem reports to create awareness about and enhance learning for the entrepreneurial process.

 

Congratulating the Gem team on the completion of their report, IBA’s dean and director said, “I am confident that the research findings will help our policymakers, researchers and educators, as well as create new opportunities for our aspiring entrepreneurs, by improving support for new and innovative business ventures.”

 

Dr Ishrat Husain said, “The Gem Pakistan project was launched in June 2010 under the supervision of IBA Karachi and an in-depth analysis of the state of entrepreneurship and start-up in the country was carried out.”

 

The Gem research consortium measures entrepreneurial activity of individuals in 54 member economies, making it the world’s most authoritative comparative study of entrepreneurial activity in the general adult population, he added.

He said that at least 2,000 adults aged between 18 and 64 participated in the Gem Pakistan Survey 2011.

 

Detailed interviews were conducted with the greatest national experts in the field to discuss key conditions that govern a country’s entrepreneurial development, he added.

 

Husain said the research highlighted that entrepreneurial activity in various Pakistani regions and the adult population in Pakistan trying to start a business was 9.07 percent as compared to other factor-driven economies, such as 14.5 percent in Iran, 11.87 percent in Turkey and 23 percent in Chile.

 

“We hope that this study will help entrepreneurs, policymakers and educators in Pakistan to come up with an appropriate strategy to develop, inculcate and promote entrepreneurial culture in the country,” he added.



Courtesy:  The News


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