Islamabad, December 17, 2021 (PPI-OT):Minister for Science and Technology Senator Shibli Faraz has said the government is taking concrete steps to provide opportunities to start-ups and businesses. He was addressing at the Venture Capital Start-up Conference 2021 arranged by National University of Science and Technology in Islamabad.

Shibli Faraz said the purpose of the conference is to develop a policy framework for venture capital companies. He said Start-up culture in Pakistan is a recent phenomenon and the main hurdle for entrepreneurs is that of financing.

The Minister said that a policy and framework for venture capital companies have been included as part of the Performance Agreement Financial Year 2021-22 and 2022-23. He appreciated the unparalleled efforts of NUST in promoting a culture of research and innovation in the country and extending it to a global level.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk