ISLAMABAD, Sep 05 (APP): Pakistan needs to promote women entrepreneurs to jump-start the revival of its economy and put it on the path of sustainable growth.
This was said by Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry while addressing a US Speakers Series event organized by ICCI in collaboration with Islamabad Women Chamber of Commerce & Industry (IWCCI) under the title “Challenges and Opportunities for Women Entrepreneurs in venture capital industry”.
Ahsan Bakhtawari said that women were 51 percent of Pakistan’s total population and their increased participation in economic activity was important to spur the growth of the economy.
He said that when women get economic power, they reinvest it in their families, their communities and bring prosperity to the country.
He said evidence showed that women owned SMEs made a significant contribution to the development of economy as they generated employment, create wealth and improve the social wellbeing of society.
He emphasized to take policy measures to develop a strong venture capital industry with focus to provide easy financing to women entrepreneurs as the current gender-wise distribution of gross loan portfolio of the State Bank of Pakistan showed that a small percentage of SME loans were given to women entrepreneurs.
Similarly, the percentage of the microfinance loan to women was also insignificant, he said, adding that the focus on gender-equality in loan distribution would help promote more women entrepreneurs and accelerate the pace of economic growth in Pakistan.
Ms. Courtney Powell, COO, 500 Global and Google Business Leader of 2015 of USA, speaking on the occasion said that Pakistani women had incredible talent and they needed a healthy ecosystem for entrepreneurship to excel in the business field.
She said that women entrepreneurs should be facilitated in generating funds from the stock markets for business ventures.
She lauded the role of women chambers of commerce and industry for promoting women entrepreneurs in Pakistan and said that women need better financing models to flourish their business enterprises.
Rizwana Asif, President, Islamabad Women Chamber of Commerce & Industry said that women needed easy access to capital and stressed the need to come up with tailor-made financial solutions for them.
She said that 25 women chambers of commerce and industry in Pakistan were working hard to promote women entrepreneurs in order to increase their role in the economic development of the country.
