Wait till you hear this one. At an event held in September the President of Pakistan made a passing remark that his team has been working to dodge ever since. The event was held online on September 8, 2021 and hosted by PakLaunch, a community of successful Pakistani expatriates. It was their inaugural conference on startups titled “Pakistani startups: The next big thing.” The big idea behind the event was to let investors know that the government is playing its part to support tech startups in Pakistan.
The President delivered the welcome note which was followed by panel discussions by investors who have invested in Pakistan and their experience with startups here, as well as heads from the Ministry of Science and Technology, the State Bank, the Pakistan Stock Exchange, and Special Technology Zones Authority.
Much of the address was usual bread and butter remarks one has come to expect from government officials. He introduced the theme of the event, underscored the need for “establishing linkages between the startups and investors” in a short five minute recorded video. So far so good. After all Pakistan’s market has been hot for tech investors, catching the attention of heavy-hitters in the world of venture capital.
Why wouldn’t it catch the attention of international investors? Pakistan is a country of 220 million strong, most of whom are youngsters between the age of 15 and 33. The president, however, decided to take it a notch above and called the youth bulge educated...
Read Full Story: https://profit.pakistantoday.com.pk/2022/01/16/when-the-president-cracked-a-billion-rupee-gag/
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