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Sources of finance available for SME sector in Pakistan
[journal article]
Abstract Small and medium enterprises (SMEs) are engines of growth for developed and developing countries. Developing countries like Pakistan must pay special attention towards its development and growth which is very essential for country's economic growth, economic development, employment generation, incom... view more
Small and medium enterprises (SMEs) are engines of growth for developed and developing countries. Developing countries like Pakistan must pay special attention towards its development and growth which is very essential for country's economic growth, economic development, employment generation, income equality, poverty alleviation, entrepreneurial culture etc. But unfortunately this sector is under performing due to many barriers including improper infra-structure, regulatory requirements difficulties, shortage of skilled HR, non competitive products, lack of entrepreneurial expertise, small scope of business and risk of default but above all access to finance is the major barrier that is facing by SMEs. This research paper examines the sources of finance (formal and informal) that are available for SMEs and also highlights the issues that create hindrance in effective flow of financial facilities to SMEs especially SEs (Small Enterprises). The research paper concludes that sufficient and easy availability of finance is the key to success for SMEs in Pakistan.... view less
Keywords
Pakistan; funding; enterprise; small business; lending
Classification
Economic Policy
Document language
English
Publication Year
2015
Page/Pages
p. 184-194
Journal
International Letters of Social and Humanistic Sciences (2015) 47
DOI
https://doi.org/10.18052/www.scipress.com/ILSHS.47.184
ISSN
2300-2697
Status
Published Version; peer reviewed