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Progress analysis: SMEs vital to long-term sustainable growth, says Thaver

May 11, 2013

Small and Medium Enterprises Development Authority (SMEDA) Director Zulfikar Thaver said on Tuesday the role of small and medium enterprises (SMEs) will be most important in achieving the objectives of Pakistan Vision 2025 – a long-term plan for sustainable economic growth. Addressing the Pakistan SME Forum 2014, Thaver said the development of the SME sector will lead to employment generation and increase national income. The number of SMEs in Pakistan is estimated to be 3.2 million, with the SME sector’s contribution to the national gross domestic product (GDP) being 40%. With a share of 30% in Pakistan’s total exports, SMEs are spread all over Pakistan with a significant concentration in Punjab (65.4%). The share of Balochistan in the country’s SME sector happens to be the smallest (2.3%) while those of Sindh and Khyber-Pakhtunkhwa are 18% and 14.3%, respectively.


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