The Young Entrepreneurs Forum (YEF) of Islamabad Chamber of Commerce and Industry organized an event to celebrate the Global Entrepreneurship Week 2016. The theme of the event was “Startups Challenges and Solutions”. Students of various universities including International Islamic University, Bahria, NUST, Quaid-e-Azam, COMSAT, Ripha, Fast and Air University attended the event.
Speaking at the occasion, Rafat Farid, President, Young Entrepreneurs Forum said that YEF in collaboration with Center for International Private Enterprise (CIPE), UNIDO and other organizations has taken many initiatives for youth development and women entrepreneurship. He said majority of population of our country was comprised of youth and government should make policy to create entrepreneurship ecosystem in the country that would enable youth to show potential and excel in business field.
Shaban Khalid, President, Commonwealth Alliance of Entrepreneurs-Asia said that CAYE was organizing its 5th annual summit in London from December 7-9, 2016 and invited the young talent to join said the summit as it would provide them a good platform to interact with young entrepreneurs of CAYE member countries and learn latest business ideas and best business practices from experts to promote their businesses.
Tahir Ayub, Vice President ICCI, CEO Maroof International Hospital Islamabad and other experienced business professionals shared ideas and provided tips to students how they could excel in business field. Miss Nasira Ali and Sheraz Ahmed, Executive Members of ICCI also shared ideas with youth and provided them necessary guidance for achieving better success in business field.
Speaking at the occasion, students highlighted lack of finance, lack of mentorship and guidance, weak enforcement of IPRs, outdated government systems as major hurdles in the way of entrepreneurship in the country and stressed that government should address these issues to enable youth to look for starting their own businesses. They said starting a business was easy but sustaining it was a challenge due to various factors. They said facilitating youth to remain in contact with business related platforms and providing them updated knowledge about market conditions and business dynamics would help them in achieving success in business field. They stressed that HEC should allow students of various universities to work on joint projects that would enable them to benefit from diversified business ideas.