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The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective

This paper explores the value of small and medium enterprises for the economic growth and development especially in Pakistan. Moreover, it assesses the usage of information technology in SMEs sector of Pakistan. According to the recent Census of Establishments conducted by the Federal Bureau of St...

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Main Authors: Khan, Muhammad Ishfaq, Ali Qureshi, Muzaffar
Format: Conference or Workshop Item
Language:English
Published: 2007
Subjects:
HB Economic Theory
Online Access:http://repo.uum.edu.my/2462/1/Muhammad_Ishfaq_Khan.pdf
http://repo.uum.edu.my/2462/
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spelling my.uum.repo.24622011-02-21T13:01:31Z http://repo.uum.edu.my/2462/ The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective Khan, Muhammad Ishfaq Ali Qureshi, Muzaffar HB Economic Theory This paper explores the value of small and medium enterprises for the economic growth and development especially in Pakistan. Moreover, it assesses the usage of information technology in SMEs sector of Pakistan. According to the recent Census of Establishments conducted by the Federal Bureau of Statistics (FBS) there are about 3.2 million economic establishments in Pakistan. Out of these Small & Medium sized enterprises (SMEs) (with employment base up to 99) constitute 90% of all private enterprises employing approximately 78% of non-agriculture labor force1. SMEs contributed over 30% to GDP, 25% in export earnings besides sharing 35% in manufacturing value addition2. The paper suggests that SMEs act as a catalyst to economical growth and development where IT embedded in their operations, planning and decisions like Hong Kong, Denmark and USA. Many other societies also place great value on the small and medium enterprises and encourage their activity. In fact, wealth and a high majority of jobs are created by small & medium businesses in the world. As a result, many experienced business people, political leaders, economists, and educators believe that fostering a robust small and medium business culture will maximize individual and collective economic and social success on a local, national, and global scale. It is recommended that SMEs may be offered access to inexpensive capital, tax exemptions and management advice & experiences and IT infrastructure which further leads toward the economical growth & development. The economical growth and development in a country can brings happiness and prosperity to its nation. 2007 Conference or Workshop Item NonPeerReviewed application/pdf en http://repo.uum.edu.my/2462/1/Muhammad_Ishfaq_Khan.pdf Khan, Muhammad Ishfaq and Ali Qureshi, Muzaffar (2007) The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Khan, Muhammad Ishfaq
Ali Qureshi, Muzaffar
The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
description This paper explores the value of small and medium enterprises for the economic growth and development especially in Pakistan. Moreover, it assesses the usage of information technology in SMEs sector of Pakistan. According to the recent Census of Establishments conducted by the Federal Bureau of Statistics (FBS) there are about 3.2 million economic establishments in Pakistan. Out of these Small & Medium sized enterprises (SMEs) (with employment base up to 99) constitute 90% of all private enterprises employing approximately 78% of non-agriculture labor force1. SMEs contributed over 30% to GDP, 25% in export earnings besides sharing 35% in manufacturing value addition2. The paper suggests that SMEs act as a catalyst to economical growth and development where IT embedded in their operations, planning and decisions like Hong Kong, Denmark and USA. Many other societies also place great value on the small and medium enterprises and encourage their activity. In fact, wealth and a high majority of jobs are created by small & medium businesses in the world. As a result, many experienced business people, political leaders, economists, and educators believe that fostering a robust small and medium business culture will maximize individual and collective economic and social success on a local, national, and global scale. It is recommended that SMEs may be offered access to inexpensive capital, tax exemptions and management advice & experiences and IT infrastructure which further leads toward the economical growth & development. The economical growth and development in a country can brings happiness and prosperity to its nation.
format Conference or Workshop Item
author Khan, Muhammad Ishfaq
Ali Qureshi, Muzaffar
author_facet Khan, Muhammad Ishfaq
Ali Qureshi, Muzaffar
author_sort Khan, Muhammad Ishfaq
title The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
title_short The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
title_full The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
title_fullStr The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
title_full_unstemmed The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective
title_sort small and medium enterprises act as catalyst for economic growth and development in pakistan: economic growth and development perspective
publishDate 2007
url http://repo.uum.edu.my/2462/1/Muhammad_Ishfaq_Khan.pdf
http://repo.uum.edu.my/2462/
_version_ 1644278243043311616
score 13.211869

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