Pakistanis are marching ahead in the field of technology and development. More and more ambitious students are joining such fields every year, the start-ups have significantly increased. True, we took a while to catch up with the international trends but the good thing is we are here now. Startup business in Pakistan is on the rise with profit in hand.
Pakistani Prime Minister Nawaz Sharif has launched a loan program for people wanting to start their own business. The “Youth Business Loans” is designed to provide subsidized financing at eight percent per annum for 100,000 beneficiaries through the state-run National Bank of Pakistan and First Women Bank, Xinhua reported. The total interest rate would be 15 percent but the government would pay the remaining seven percent on behalf of applicants. Those in the age group of 21-45 years are eligible to apply for loans from Rs.100,000 to Rs.2 million.
Maryam Nawaz, the chairperson of the Youth Business Loans program, said there were three conditions for applicants – they should be Pakistani citizens and hold valid computerized national identity cards and should have a guarantor.
Apart from the government, Pakistan is a country with not a worth mentioning economy. Nevertheless, there is no denying to this fact that Pakistanis have got the brains. Either it is the field of IT or health, there is so much talent to count on for. With unemployment on the rise, youngsters are not left with many options to carry on their talent. Many seek out different ideas to work instead of sitting idle at home. One tends to work hard to achieve success in business.
Some of the successful startup business include:
- Transport Business
- Food Delivery
- Dairy Business
- Property / Real Estate
- Event Management
- Online Retailing
- Web Design and Content Writers.
Pakistan is a developing country but with so many opportunities for the citizens. There are hundreds of business which you can start from Rs. 3 Lac to 50 Lac and it can then take you to millionaire in just a few years of constituency and dedication.