Pakistan has been ranked among the top three countries with the highest social business growth, as per a special report by Reuters. Along with Australia and the Netherlands, Pakistan ranking has improved the most since the first Thomson Reuters Foundation experts’ poll on the best countries for social entrepreneurs in 2016.
New businesses that are addressing social problems in Pakistan have helped in making Pakistan one of the best performers in the second global poll on social entrepreneurs.
Pakistan moved up 18 spots to become the 14th best country for social entrepreneurs among 45 biggest economies in the world.
SEED Ventures product development head said, “The landscape has changed tremendously in terms of openness and receptivity for entrepreneurship.”
Most of the Pak universities now have business incubation centers that help small, home-grown startups.
Ayesha added, “Social issues no longer go unnoticed, and there is a general increase in public eagerness, particularly among the youth, to step up and bring positive change.”
Pakistani banker and economist Ishrat Hussain, an adviser to Prime Minister Imran Khan for Institutional Reforms and Austerity, said “There are higher education institutions that have set up entrepreneur centers which are arming people who are not formally trained with business tools, especially women, farmers, youth … people otherwise neglected.”