Thank you for trying to find a solution. Most of us like to point out the problem and give up.
What you have is suggested has been on the minds of at least 30 percent of all aerospace and aerospace-adjacent grads in Pakistan. Of course there are issues with even what you suggested:
1. People who stay back and work for the company for low pay: Having worked in private Pakistani companies as an engineer the pay is going to be 30k? 50k at max? And if it's your business probably -40k indefinitely. Outisde of motivational speaker stories and movies, usually it's rich people that can afford to do these things. If my father was well established and could afford to support me till I was 30 then I too would be able to take all of those risk. A relevant quote:
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2. Pakistan's economy is in general pretty bad and getting much worse. Investors are taking money out not putting it in. So it will be next to impossible to get money in the AEROSPACE sector (not talking about IT).
3. Aerospace is in general a very investment heavy sector. Which is why it has almost always been state controlled or state subsidized (at least initially). So as unfortunate as it sounds, the government does really need to make policies to support this sector and not just keep supporting the sugar mills industry. This means carrot AND stick:
a. Carrot: government orders, government subsidies, government grants.
b. Stick: Discouraging investment in unproductive sectors like real estate - but of course Malik Riaz will have the government out of power before that ever happens.
4. There is NO contract enforcement in Pakistan. This is a pretty huge factor that people don't realize. In Pakistan, if my tomorrow my partner runs away with the company's money I have little recourse. Do I really want to fight an endless battle in court till I die? Because that's what will happen. Contract enforcement is huge for business to thrive. Only very large businesses who can buy their way through things or small business that have arrangements can survive. This is primarily the reason why almost all Pakistani businesses are family businesses. You tend to trust family because things run on trust here, not on contracts.
You would think so, right? Here are the investor's options because of the environment in Pakistan:
1. Buy a plot get 10% rate of return forever
2. Invest in a business get 0% for 5 years after which maybe 10% or the business fails.
It's a no brainer what a Pakistani with money chooses.
A relevant post I think:
I don't think it has to do with our requirements. The mindset is "we control this and we will continue to control it". The military ACTIVELY DISCOURAGES military research by private companies by stealing their IP and having made-up security restrictions on what you can and cannot do.
I've already written about why Pakistan cannot have a Hyundai under the current environment.