In recent years, entrepreneurship has gained momentum, particularly among young people who are creating innovative solutions and generating employment opportunities. Despite their potential, many startups and small businesses face significant challenges. Limited access to financing, high taxation, complex regulations and rising operational costs make it difficult for entrepreneurs to establish and expand their ventures. As a result, many promising businesses struggle to survive in a competitive market. Small and medium-sized enterprises (SMEs) contribute significantly to employment and economic activity. Therefore, creating a business-friendly environment should be a national priority. The government can support entrepreneurs by providing easier access to loans, reducing unnecessary bureaucratic hurdles, offering tax incentives and promoting business education and training programmes.
Greater investment in technology and digital infrastructure can also help businesses reach wider markets and improve productivity. Encouraging innovation and supporting local enterprises will not only strengthen the economy but also reduce unemployment and foster sustainable development.
Sariya Imran
Lahore
