Growth Potential of Small and Medium Industries in Pakistan

Zafar Mahmood ()

No 1999:169, PIDE-Working Papers from Pakistan Institute of Development Economics

Abstract: The emerging role of the small and medium enterprises (SMEs) as a source of stimulating economic growth in Pakistan has attracted considerable attention by the present Government. Their significant contribution to national production and employment, coupled with important shares in exports, has made them a potential source of sustainable growth and development. Besides, the SMEs with their capability to operate autonomously on the strength of subcontractual relationship with other SMEs and large enterprises have given rise to the spatial and sectoral agglomeration through production based networking. Where as the SMEs playa key role in industrial development of Pakistan, they face a number of problems in international marketing operations. In the changing global trading environment and launching of policy of economic reforms and liberalisation, the SMEs have to made adjustments to become competitive and efficient.

Pages: 31 pages
Date: 1999
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