USAID helps entrepreneurs in Pakistan

Grants of up to $200,000 to motivated entrepreneurs and innovators

News Desk October 03, 2019
Challenge Fund grant recipients stand along with USAID Mission Director Julie Koenen at the grants closing ceremony held in Islamabad. PHOTO: EXPRESS

Entrepreneurship and innovation help boost employment, productivity, and trade, and can drive a nation’s economy.

The United States Agency for International Development (USAID) is building the future of entrepreneurship in Pakistan by offering Challenge Fund grants of up to $200,000 to motivated entrepreneurs and innovators.

At an event in Islamabad, American and Pakistani officials celebrated the successes of 20 Challenge Fund grant recipients from Pakistan who have created exciting new business solutions in the information technology, hospitality, textile, light engineering, and agri-business, sectors.

Speaking at the event, Ministry of Industries and Production Senior Joint Secretary Qazi Zaheer Ahmad applauded the innovative solutions developed by the Pakistani entrepreneurs and their efforts to uplift Pakistan’s economy.  He also thanked the United States for its assistance to Pakistan’s business sector.

“It is so encouraging to see that the small seeds we planted with this programme less than a year ago have already turned ideas into profitable realities and innovative solutions,” said Julie Koenen, USAID Pakistan’s Mission Director.

Published in The Express Tribune, October 3rd, 2019.

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