Experts for strengthening SMEs for economic growth




STAFF REPORT LHR: Small and Medium Enterprises (SME) are globally considered the main engine of industrial growth, however, this potential sector has been ignored by the economic managers of the country.
"The owners of SMEs come from humble backgrounds; they know the suffering of lower and middle income groups. So these entrepreneurs work hard, innovate and achieve higher efficiencies because majority of owners are experts in their field," said former chairman of Vocational

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SMEs need more IT facilities to make progress


STAFF REPORT ISB: Though internet facility is now available in all major cities of Pakistan and more and more people are taking to online communication, but still SMEs need more than internet access and entrepreneurial flair to thrive in conducting cross-border online trade, says a latest EIU-eBay report.
Things are improving overall, but the report notes significant challenges to e-trade, which seem relevant to the Pakistani market as well. The report notes that customs regimes are built

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KCCI, BCCI agree to exchange info on SMEs


STAFF REPORT KHI: Pakistan and Bahrain have agreed to exchange market information besides cooperating in SMEs development in both the countries.

The Karachi Chamber of Commerce and Industry (KCCI) and Bahrain Chamber of Commerce and Industry (BCCI) have recently signed an MoU in order to promote economic relations between Pakistan and Bahrain.

According to the MoU, both the chambers will regularly exchange market information, business opportunities and economic delegation for

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ICT R and D Fund urged to conduct IT survey in SMEs

STAFF REPORT IBD: The Union of Small and Medium Enterprises (UNISAME) President Zulfikar Thaver has urged the National ICTRandD Fund to carry out a complete survey of the SMEs indicating their complete details location, industry, capacity, experience, performance and investment of each SME together with the tax registration numbers and ratings.He said this in a recently held meeting with Muhammad Ahmed, General Manager National ICT RandD Fund, Ministry of Information Technology.Thaver said that

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