Govt encouraging youth businesses

Federal Minister for Petroleum Dr Musadik Malik stated on Saturday that the government encourages the youth to start their own businesses, aiming to shift focus from state-run firms to SMEs.

Responding to the proposed privatisation of the Pakistan Minerals Development Corporation, Malik explained the government's intent to exit business ventures, particularly loss-making state enterprises. He stressed the need for educated youth to pursue entrepreneurship rather than rely on government jobs. He highlighted that SOE have cost Pakistan billions, including PMDC.