Rameen Shahid
In Pakistan’s intricate economic landscape, small and medium-sized enterprises (SMEs) form the fabric that sustains the entire infrastructure. Their significance cannot be overstated. SMEs represent around 90 percent of businesses globally; there are around 5.2 million in Pakistan. They contribute 40 percent to the GDP, account for 30 percent of exports, and employ over 80 percent of the non-agricultural workforce in Pakistan. However, despite their critical role, economic inefficiencies significantly challenge their progress and realization of SMEs’ potential.
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