*Assistant Professor, Hamdard Institute of Management Sciences, Hamdard University, Karachi
**Assistant Professor, Business Administration Department, Federal Urdu University of Arts, Science & Technology, Karachi
Online published on 24 January, 2015.
Small and Medium Enterprises (SMEs) play significant role in economic development of any country. SMEs involve few workers and less capital-intensive technology resulting in quicker growth, employment creation, poverty alleviation and foreign exchange earnings. Considering the importance of the SMEs, it is important to review the definition of SMEs across the world. The scope of this study was to review the SMEs definitions of global institutions and countries. This was an analytical study and data was collected through secondary sources. The common thresholds found were employment, value of total assets, sales turnover and paid up capital. Every national or international institution constructs SME's definition keeping in view its objectives it wants to achieve.
Small and Medium Enterprise Definition, Pakistan, Annual Turnover, Value of Asset, Sales Turnover
