LOOKING FORWARD & LOOKING BEYOND: POLICY CHALLENGES IN PROMOTING WOMEN ENTREPRENEURSHIP IN PAKISTAN PC HOTEL, LAHORE FEBRUARY 14, 2013 Tara Uzra Dawood CEO, Dawood Capital Management Ltd. * President, Dawood Global Foundation * #leadconf

1 2 The most common way people give up their power is by thinking they don’t have any – Alice Walker

DAWOOD GLOBAL FOUNDATION & LADIESFUND ® 3 Dawood Global Foundation inspires*educates*connects women A tax exempt foundation audited by Ernst & Young Ford Rhodes Sidat Hyder Established LADIESFUND® in 2007 LADIESFUND ® is: An initiative to provide financial security to women and to promote and train women entrepreneurs. Integrates the entrepreneurial needs based on the economic and social aspects of the local communities, with respect to greater women participation in the workforce. Began its mandate in Pakistan and currently has 140 local and international partners. LADIESFUND ® recognizes women achievement through awards, educates women through conferences and workshops, and connects women to each other and local and national resources, empowering them to be a part of and leaders of the She-Economy. ROLE IN EMPOWERING WOMEN ENTREPRENEURS

WHAT I DO? 4 Live your passion … be a suitcase entrepreneur … be paid to exist 12,000 + women and youth in our network Over 3,500 people have attended our events 140+ partners globally LADIESFUND ® Scholarships LADIESFUND ® Mentorships LADIESFUND ® Internships LADIESFUND ® Fellowships LADIESFUND ® Magazine LADIESFUND ® Entrepreneurship Conferences LADIESFUND ® Women’s Awards LADIESFUND ® Women of Influence Luncheons LADIESFUND ® E-Daily newspaper Coming soon … LADIESFUND ® Companies to Watch

DCM KNOWS HOW TO MANAGE A WOMAN’S MONEY 5 You are worth more than you think! DCM SPECIALIZES IN MANAGING MONEY ESPECIALLY FOR WOMEN ASSET MANAGEMENT SERVICES INVESTMENT ADVISORY SERVICES Investment products offerings with:  Highly regulated open end mutual funds schemes.  Professional Management.  Higher management and regulation fees and charges.  Market compatible returns.  Minimum startup sums required. Investment products offerings with:  low regulated SMA portfolios.  Professional Management.  Lower fees and charges  Higher than market returns.  Higher startup sums required.

GLOBAL SNAPSHOT OF WOMEN IN THE MARKETPLACE 6 Surveys reveal 91% of women feel advertisers don’t understand them Almost 50% global population is women Globally 35% of the total wealth is own by women 85% of all brand purchases are made by woman 3% of advertising agency directors are female

PAKISTAN FOCUS 7 #LEADConf discusses Pakistan making strides in gender equality Pakistan scores low on indicators for gender equality, ranking 125 out of 169 countries on the United Nation Development Programme (UNDP) Gender Inequality index and 132 out of 134 countries on the Global Gender Gap index. The Constitution of 1973, in its Principles of Policy section, declares that “steps shall be taken to ensure full participation of women in all spheres of national life” (Article 34). Source: LEAD Pakistan, Labor Laws, Gender and Reproductive Health: An Analysis of Pakistan, Dec’12

KEY CHALLANGES 8 WOMEN HAVE LOW PRESENCE IN THE WORK FORCE WOMEN DON’T GET TRUE MATERNITY LEAVE WOMEN DON’T HAVE MANY DAY CARE FACILITIES WOMEN HAVE LOW PRESENCE IN UNIONS BOSSES FEAR SINGLE WOMEN WILL MARRY & LEAVE

Pakistani women's participation in the formal labour force is still among the lowest in the world the workers are not eligible to any benefits or rights. 9 KEY CHALLANGES WOMEN HAVE LOW PRESENCE IN THE WORK FORCE

10 WOMEN DON’T GET TRUE MATERNITY LEAVE According to the Pakistan Labour Laws, women have a right to maternity leave but in most cases it is considered a favour by the employers rather than a right of the mother. KEY CHALLANGES

11 WOMEN DON’T HAVE MANY DAY CARE FACILITIES Mothers with small children have no concessions or any spaces provided as baby crèches as a result women with young children are forced to abandon their work. There are also no provisions in the law for post-delivery conditions. KEY CHALLANGES

12 BOSSES FEAR SINGLE WOMEN WILL MARRY & LEAVE No protection in law regarding age discrimination. Women of reproductive ages are discriminated against by employers who fear that they will not be able to deliver as much as required. KEY CHALLANGES

13 WOMEN HAVE LOW PRESENCE IN UNIONS Women workers have minimal or no participation in the trade unions due to their perceived marginalized role in the employment sector. KEY CHALLANGES

KEY STRENGTHS 14 EMPOWERING WOMEN IN AGRICULTURE INCREASES PRODUCTIVITY – 10% MORE CROP YIELDS WOMEN HELP FAMILIES & COMMUNITY EDUCATING GIRLS GROWS THE ECONOMY WOMEN ARE FAIRER LEADERS WOMEN PAY BACK MONEY OWED

Women make up 43% of the agriculture labor force globally and are less likely to own land, when women do own the same amount of land as men, there is over a 10% increase in crop yields. Women are the principle producers of foods eaten by over 90% of the poor around the world KEY STRENGTHS EMPOWERING WOMEN IN AGRICULTURE INCREASES PRODUCTIVITY – 10% MORE CROP YIELDS

16 WOMEN HELP FAMILIES & COMMUNITY Women have a proven record to pay forward. They know how to utilize money, resources and ideas with wisdom and creativity to make better choices. Women are more likely than men to put their income back into their families and communities, driving illiteracy and mortality rates down and GDP up. KEY STRENGTHS

17 EDUCATING GIRLS GROWS THE ECONOMY When 10% more girls go to school, a country’s GDP increases by 3%. When women are educated and can earn and control income, even more good results follow: infant mortality declines, child health and nutrition improve, agricultural productivity rises, population growth slows, economies expand and cycles of poverty are broken. KEY STRENGTHS

18 WOMEN PAY BACK MONEY OWED Investments in women extend to the world around them. Women don't just pay back microloans, but also more likely than men to share the rewards of microfinance and contribut towards rising GDP. KEY STRENGTHS

19 WOMEN ARE FAIRER LEADERS Countries where women’s share of seats in political bodies is greater than 30% are more inclusive, egalitarian and democratic, according to USAID. Women are more likely to prevent conflict and achieve reconciliation after conflict has ended. KEY STRENGTHS

WHY DOES ENTREPRENEURSHIP FOR PAKISTAN MATTER? 20 The She-Economy is critical to powering the economy Economic expansion Increasing competitiveness Engaging and acknowledging women powers our economies Enabling all to participate in the economic life of a nation Contribute to the global GDP Narrows the gap between the developed and the developing countries

In Pakistan, 37% of Financial Decisions are taken by Women Readers Digest 21 Asian Women are key to powering the World Economy

Incorporate appealing to women buyers into your marketing strategies. Hire more women. Help train women at conferences, workshops, online forums, etc. like LEAD Pakistan is doing. Educate grassroots girls (such as through our LADIESFUND ® scholarships – contact HOW YOU CAN GET INVOLVED IMMEDIATELY! 22 For as little as $1500/year you can put a grassroots Pakistani girl through a top University in Pakistan For as little as $1500/year you can put a grassroots Pakistani girl through a top University in Pakistan

Thank You! 23 Tara Uzra Dawood President, Dawood Global Foundation