Current situation has increased risks for women entrepreneurs

Islamabad: Putting housewives and women entrepreneurs to risks amounts to discrimination therefore trend of preferring risk cover to the male members of the society should be changed, a business leader said Saturday.

Insurance industry in Pakistan is excessively focused on males while women are ignored which is unreasonable, said Mian Shahid, Chairman of Pakistan Society Watch.

Talking to Samina Fazil, founder President Islamabad Women Chamber of Commerce and other women entrepreneurs, he said industry should introduce tailor-made solutions for women as prevailing situation has increased risks.

Women should be enabled to take proper care families and businesses in times of crisis; they deserve certainty, he added.

Mian Shahid, who is also CEO Saudi Pak Insurance Co. said that women face a series of problems as soon as they decide jump into entrepreneurship.

A male may not require approval of family to start a business while women have to seek many approvals which put a break to their growth, he observed. We should stop seeing entrepreneurship as a right given only to the male members of society, he said.

At the occasion, Samina Fazil said that domestic as well as other burdens take away lots of their time and energy, which make it difficult for a women to run an enterprise successfully. Women are not treated equal to men, system keeps them rear seat, she added.

Many women remain in dark about the development of new technology, new methods of production, marketing etc which can help them to flourish.

Women also suffer when it comes to raising and meeting the financial needs. Bankers, creditors and financial institutes ignore assistance to women on different unfounded grounds, said Samina.

Intermediaries continue to exploit businesswomen in the guise of helping which result in less sales and lesser profit, she said.

For more information, contact:
Samina Fazil
Islamabad Women’s Chamber of Commerce and Industry
Mobile: +92323 5343199
Tel: +9251 2252256

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