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INTRODUCTION

Home > SME 2011

The Small and Medium Enterprises (SMEs) are regarded as the single most effective solution for the robust growth and sustenance of an economy. A vibrant small-scale sector can boost employment, development and prosperity in any given country. Healthy progress in the SME sector can be ensured by promoting a vibrant commercial environment and a pro-active industrial policy.

The current economic indicators in Pakistan demand some urgent reforms that can encourage fresh investments and support new endeavors in the SME sector, by enabling and motivating the common man to be a proactive entrepreneur. In Pakistan, the SMEs employ some 78% of non-agricultural labor force. The vitality of the small scale entrepreneurs in Pakistan is evident from the fact that, despite inadequate policy support, this sector has shown impressive growth over the decades.

According to recent statistics, there were 3.2 million establishments and household units in the country, which include business categories like; manufacturing, wholesale and retail traders, hotels, restaurants, community, social and personal services, handicrafts, agriculture, farming, fishing, leather and textiles.

The informal sector (Self Employment) accounts for nearly 70% of the employment outside agriculture. The SME sector data and the ventures taking place in it deserve closer attention, because a significant portion of activities in this sector goes unnoticed in the official records. Concrete measures should be taken for rapid development of small scale ventures, whereby the most pressing need is to document the commercial and financial activity carried out by SMEs. The biggest challenge faced by the government is the improvement of Taxation from the undocumented sectors. This need for expanding the Tax-Net can be achieved quickly by documenting and identifying the taxable SME ventures.

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OIL & GAS FORUM  Pakistan 2009 2nd Oil & Gas Pakistan 2010 Forum 2009 3rd Oil & Gas Pakistan 2011 Forum 2010 First 2-Day Global Telecommunication Congress 2008 TeleCON 2009 2nd Global Telecommunication Congress 3rd Global TeleCON 2010 Congress 4th Pakistan Telecommunication Congress 2011

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