Evolution Of Entrepreneurship In Pakistan

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Evolution of Entrepreneurship in Pakistan
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Growth initiates in a region when policy and managerial perspectives at the entry level economy turns into entrepreneurship scenarios. The government and private owned scenarios in the earlier days focused on the mechanism of continuous development. Several entrepreneurial efforts initiated in the early days that enhanced the overall image of owning of business in this region. Owning a business is something very common in the sub-continent region and several individuals from ages focus on their family owned business. These businesses vary with respect from each other and numerous individual can relate their income oriented cycle with these family owned business. Entrepreneurship is …show more content…

This biasness depicted the real ideology of entrepreneurship in this region while it halted the performance of several individuals who wanted to start their own business. In the earlier days, these incentives resulted in political monopolies in certain protected markets, subsidized inputs and cheap land orientation. Numerous groups changed the overall scenario of entrepreneurship in the region of Pakistan. Certain renowned families contributed towards the evolution of this scenario that would include families like Saigal group, Dewan group, Habib group, etc. These gigantic families enhanced different sectors of Pakistan and created a long lasting impact on the overall development of Pakistan. Several individuals and bureaucrats supported them because of the endless opportunities provided by these individuals. In the regime of Ayub Khan different domestic production facilities was established with the joint venture of these families. Ayub Khan evolved the real concept of owning a business in Pakistan because his policies supported different young entrepreneurs. These policies led towards the development of class of wealthy industrialists, later these families were categorized as

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