Pros­per­ity through SMEs

Enterprise - - Editor’s desk - Arham Shafaat Islamabad

En­ter­prise de­serves ap­pre­ci­a­tion for the cover story on SMEs in its May is­sue. The sig­nif­i­cance of SMEs is linked with the growth of in­dus­tri­al­iza­tion.The dis­tinct im­pact of SMEs on the econ­omy is due to labour­in­ten­sive pro­duc­tion. It cre­ates av­enues of pro­duc­tive em­ploy­ment, which gen­er­ates equal growth op­por­tu­ni­ties. In this way, the grow­ing ru­ral and ur­ban labour force has the po­ten­tial to be­come the back­bone of econ­omy, pro­vided the sus­tain­able and in­no­va­tive pro­cesses in the SME sec­tor are car­ried out ef­fec­tively.

It has been en­light­en­ing to know about the ef­forts of our gov­ern­ment and the col­lab­o­ra­tion with USAID to in­vest in SME as­sis­tance projects. The work­ing of SMEDA with such a di­verse range of ini­tia­tives de­mands due pro­jec­tion. It is good to see that in­for­ma­tion and re­search have be­come the pri­or­ity ar­eas for the SME sec­tor in Pak­istan. I look for­ward to learn­ing more in this re­gard

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