International Journal of Research in Social Sciences

  • Year: 2015
  • Volume: 5
  • Issue: 1

Development of small and medium enterprises during post nationalization period in Pakistan: issues, challenges and remedies

  • Author:
  • Riaz H. Soomro, Farooq Aziz
  • Total Page Count: 13
  • DOI:
  • Page Number: 66 to 78

*Assistant Professor, Hamdard Institute of Management Sciences, Hamdard University, Karachi

**Assistant Professor, Business Administration Department, Federal Urdu University of Arts, Science & Technology, Karachi

Abstract

Small and Medium Enterprises (SMEs) are considered as backbone of any economy. It is important to develop the SMEs of the country. The strong net work of SMEs would lead to poverty alleviation, employment creation and foreign exchange earnings. There are approximately 3200,000 SMEs in Pakistan. The nationalization process was a policy measure programme started in 1972. This process began after the separation of East and West Pakistan. The objective of this study was to review the development of small and medium enterprise in general and apparel SMEs in particular after the nationalization process in Pakistan. This was an exploratory study. SMEs development is reviewed for the period starting from 1970 to 2012. This study concludes that despite of realizing the importance of the SMEs in Pakistan, the seriousness in effort for development of SMEs was lacking before 1998. After the establishment of SMEDA, its contribution towards development of SMEs is quite evident.

Keywords

SMEs Development, problems of SMEs, Challenges of SMEs, Remedies for SMEs, Apparel Sector, Textile Sector