Entrepreneurial Environment In Pakistan For
Start-Ups
Uzma Akbar* and Nouman Bashir**
This paper is focused on the Entrepreneurial environment in Pakistan and the strategy to
restructure it to allow entrepreneurs to play an effective role in the economic development of the
country. The academic perspectives of entrepreneurship will be reviewed. In Pakistan innovation
and risk taking is severely inhibited by the intrusive role of government in the marketplace.
People are extremely risk averse and that is the main reason they do not start up their new
business ventures/ enterprise. The purpose of this paper is to highlight the key factors which are
the main stumbling block for new and promising entrepreneurs in Pakistan to startup a new
enterprise. Today entrepreneurship is most commonly viewed as undertaking innovation and
bearing risk. This paper will discuss how to identify and characterize promoting innovation, the
role of leadership in sustaining innovation play a vital role in successful enterprise. The
underlying concepts for entrepreneurship will be discussed which are generally not given their
due attention. The cultural, social and financial issues will be discussed in detail, with emphasis
on the mind set of new and promising entrepreneurs. A survey will be conducted about the
opinion of young Pakistani graduates from any discipline, that after completing their graduation
why most of them opt to work for someone else instead of starting up their own businesses.
Recommendations will be made based on the survey about how to develop an entrepreneurship
culture in Pakistan. In this paper the realization regarding that entrepreneurship is the process of
identifying, developing, and bringing a vision to life will be discussed. A comprehensive and
detailed experience of some promising entrepreneurs will be discussed in this paper which will
prove that, providing the entrepreneurs with the right environment is of vital importance. They
play a crucial role in stimulating cha