Abstract:
Small and medium enterprises are acknowledged to be the key components of economic
development in a country. Pakistan is no exception in this regard. The economic agenda
of our country is faced with multiple challenges; a major item remains to encourage
SMEs as a catalyst to increase economic welfare. SMEs can increase national output,
provide jobs, nurture entrepreneurial creativity, enhance standards of services and
products, and can address issues facing the third world like poverty, health, economic
empowerment etc.
