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‘IBA developing entrepreneurial mindset among youth’

Minister of IT and Telecom Khalid Maqbool Siddiqui during his visit of IBA in Karachi
Minister of IT and Telecom Khalid Maqbool Siddiqui during his visit of IBA in Karachi

KARACHI: Institute of Business Administration is developing entrepreneurial mindset among you under its Youth Employment Project (YEP), officials were told Wednesday.

Federal Minister for Information Technology and Telecommunication Khalid Maqbool Siddiqui, Member National Assembly Aminul Haque and former Vice Admiral Pakistan Navy Arifullah Hussaini visited the IBA city campus to interact with the students of YEP.

Program Director IBA AMAN CED, Dr. Shahid Qureshi apprised the guests about the different programs of entrepreneurship offered at the centre. He introduced the students of Batch Three of YEP who belonged to the semi-urban areas of Karachi i.e. Korangi, Malir, Lyari, Sultanabad, North Karachi etc. having some technical and vocational background.

Dr. Qureshi explained IBA AMAN CED emphasized on developing entrepreneurial mindset to search for low-cost solutions of the problems, and then to transform them into sustainable business models.

Mr. Hussaini also addressed the students talking about the contribution they can make in shaping the future of Pakistan.

Mr. Siddiqui thanked Dr. Qureshi for sharing an effectuation and E+ model. He mentioned that IT is revolutionizing, and needs to integrate advance technology in all sorts of business processes. He was overwhelmed and highly pleased to visualize the united efforts of UNDP Pakistan and the IBA under the YEP.

He hoped that the centre would continue its assiduous efforts in building an entrepreneurial mindset among the youth. Project Manager UNDP Pakistan, Moin Zaidi stated that the youth was facing a challenge to convert their skill set into a proper business setup.

Zaidi further said, “The IBA AMAN CED has been catering to the needs of creating self-employment in Pakistan through its indigenous entrepreneurship pedagogy and the training material.”

The students of YEP shared their success stories and talked about the benefits of the course. An IBA AMAN CED student, Saad Tariq Hameed shared his entrepreneurial journey. He started an online tutoring business on Udemy with US$500 and was earning US$7,000 (approx.) per month.

He further said, “In today’s technological environment, starting an online business with zero investment has become a possibility.”

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