Islamabad: During a week-long series of workshops sponsored by the U.S. Embassy and held at Abasyn University, the United States is helping talented Pakistani entrepreneurs sharpen their business skills, bring new products and services to market, and achieve profitable growth.
This week, more than 720 aspiring Pakistani entrepreneurs attended the workshops to learn the nuts and bolts of running a successful business and to pitch their business ideas to potential investors from the United States.
“The U.S. Embassy acknowledged the hard work of Pakistan’s entrepreneurs,” said Murtaza Zaidi Hon, a Pakistani entrepreneur. “These workshops encourage innovation, entrepreneurship, and job creation. They are helping many graduates, who would otherwise be unemployed, to develop an entrepreneurial mindset and to discover financial independence.”
The Embassy partnered with the U.S.-based Kauffman Foundation, the largest foundation dedicated to promoting entrepreneurship in the world, to carry out these workshops in celebration of “Global Entrepreneurship Week” ─ the State Department’s global celebration of the innovators who bring new products and services to the marketplace.
“Entrepreneurship is the economic engine of this country,” said U.S. Deputy Chief of Mission, Ambassador Richard E. Hoagland, at a workshop on how entrepreneurs can access financing to grow their businesses. “In fact, most new jobs are created in start-ups and small businesses so workshops like this are vital venues for entrepreneurs from both our countries to connect, build skills, and learn about how to succeed in business.”
The United States works with Pakistani universities and partners in the private sector to promote the growth and development of entrepreneurship. In addition to workshops with Abasyn University, the U.S. has worked with the National University of Sciences and Technology to establish business incubators, helping telecommunications and alternative fuels entrepreneurs launch their companies in Pakistan.
This initiative is just one part of a comprehensive U.S. economic assistance program which creates jobs and boosts incomes with projects that expand Pakistan’s agricultural output, build roads to facilitate trade, and offer a private equity fund to help small- and medium-size businesses grow.
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