You are on page 1of 2

In Pakistan, about 60% population is rural.

They live mostly in Khyber Pakthtoon Khwa, Fedral


Administrated Areas, Baluchistan and some areas of Punjab. According to the report, nearly 39
percent of Pakistanis live in multidimensional poverty, with the highest rates of poverty in FATA
and Balochistan. Pakistan’s MPI showed a strong decline, with national poverty rates falling
from 55% to 39% from 2004 to 2015. However progress across different regions of Pakistan is
uneven. Poverty in urban areas is 9.3 percent as compared to 54.6 percent in rural areas.
Disparities also exist across provinces (UNDP, 2016). The people who belong to Khyber
Pakhtoon Khwa and FATA mostly depend on agriculture or illegal business, owing to fulfill
their basic needs. The poverty rate in these areas push upward terrorism and other criminal
activities.

Entrepreneurship is viewed by economists to be a combination of innovation and risk taking.


When these activities are taken, high growth rate, reduction in poverty rate and opportunities to
the people of society including poor, are offered. Thus it become a global interest too. In
Pakistan, innovation and risk taking is rarely exists due to lack of proper strategy and education
for entrepreneurship. They need small businesses, SMEs, Business education, education of
Finance to get rid of the said problems.

The need of entrepreneurship and business education in Pakistan and especially in our area is
very crucial. It creates a national and global interest to make highly qualified entrepreneurs.
Completing this intense program (Master in Business/Finance/Entrepreneurship) will allow me
to bring more quality to the sector and contribute for reducing the impact of poverty, illegal
business, terrorism and ultimately achieving the global prosperity. On the other hand Business
and Entrepreneurship study can play a vital role in the development of our society. It will help to
eradicate the poverty and illiteracy by providing better small business and financial techniques.
These accomplishments contribute to economic development and reduce poverty.

During my studies I will learn different business and financial methods and create diversified
contacts. After returning home, I will use the help of my contacts and my relationship with
Commonwealth Scholarship to create partnerships with the company or NON-Profit
Organization. I am currently working to be part of the commonwealth project to ameliorate the
poverty problem.

Later I will collaborate with multidisciplinary teams to work in our area on small and medium
businesses and financing methods, in order to support and bring new ideas and ultimately to
bring prosperity by poverty alleviation. They people of rural areas and especially KPK residents
do have the capability to work hard and adopt new technical and business skills. In two years,
my determination, skills, achievements and strengthened relations will give me the chance to
progress to a senior role in management. The success of entrepreneurship concept will enable
economic development, encourage investments and support our industrialization. The measure
parameter will be more job creation and hence will reduce poverty

After getting this award and during my study, I will seek knowledge on effective measures
for enhancing the concept of Small and medium enterprises and strive to develop small
businesses and create awareness among uneducated businessmen regarding effective way
for their products in big markets. I shall deeply conduct a research for their financing and
small business management skills and for that I shall visit different business centers in UK
to gain practical acquaintance and precious ideas to support entrepreneurship in our area.
Moreover, my previous research work was related to find the impact of terrorism in Pakistan
on Pakistan Stock Exchange to explore the negative impacts of terrorism on the economy.

Terrorism and unemployment are the two big issues in Pakistan and where the tribal areas
people are mostly involved due to high unemployment and low literacy ratio. Terrorism can
be reduce by providing better job and business opportunities to these people.

Finally, if availed the opportunity, I shall attend conferences and seminars on pressing
importance of entrepreneurship in the tribal areas of Khyber Pakhtoon Khwa, Pakistan for
reducing terrorism illegal business activities, illiteracy and finally poverty.

You might also like