For a startup ecosystem still in its infancy, and for a country that traditionally had very few women in the general workforce to begin with, it's remarkable how far KSA has come in such a short period of time.
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Institutions lost
January 13, 2021
LAHORE: We have lost the excellence initially exhibited by numerous institutions established by the state and headed as well as dominated by private sector experts because bureaucrats took over with time and rendered them as inefficient as others.
It is pertinent to note that when an institution based on private sector experts is formed, the perks and privileges of these experts are much higher than those drawn by the bureaucrats. When these institutions are well established and start performing the bureaucrats maneuver to go there on deputation and enjoy the perks.
Small and Medium Enterprise Authority (SMEDA) was for instance established by PML-N in 1998 headed by a leading businessman from the private sector. Its aim was to promote the SME sector, facilitate it to upgrade technology and arrange loans worth Rs250 billion for the SMEs in the next 10 years.