A detail analysis on SME issues in Pakistan and recommendations on how to resolve financial issues. Understand how financial independence can be achieved through strategic financial planning. amerq.com
Pakistan has emerged as the second rapidly growing economy in Asia after China. Even though the large scale manufacturing registered 15.4% growth but small and medium enterprises (SMEs) is the core issue in the country’s progress and especially for the prosperity of masses that are surviving with low scale income due to which Pakistan ranks 135th out of 174 countries oh Human Development Index. The assessment of the role of SMEs in Pakistan is of vital importance.SME produces the income stream for masses located in the countryside and the capitalists associated with this activity that is generally medium or small as the name suggests. SMEs will be the main source of poverty reduction in Pakistan that will create the value and innovation for the country in the days to come. The thing that really needs serious attention is to remove the unnecessary bureaucratic procedures.
Pakistan has emerged as the second rapidly growing economy in Asia after China. Even though the large scale manufacturing registered 15.4% growth but small and medium enterprises (SMEs) is the core issue in the country’s progress and especially for the prosperity of masses that are surviving with low scale income due to which Pakistan ranks 135th out of 174 countries oh Human Development Index. The assessment of the role of SMEs in Pakistan is of vital importance.SME produces the income stream for masses located in the countryside and the capitalists associated with this activity that is generally medium or small as the name suggests. SMEs will be the main source of poverty reduction in Pakistan that will create the value and innovation for the country in the days to come. The thing that really needs serious attention is to remove the unnecessary bureaucratic procedures.
Empowering MSMEs - Challenges in MSME Financing - Part - 4Resurgent India
Lack of Experience Entrepreneurs of first generation with lack of experience, has been revealed as the foremost reasons of poor SME credit, followed by lack of collaterals & infrastructure put together 26% and poor financials of SMEs by 24% respectively.
Empowering MSMEs - Overall Flow of Finance to the MSME Sector - Part 1Resurgent India
Major reforms for the MSME sector have taken place in the form of introduction of schemes which have benefitted the flow of credit to the sector Working with the assumption that all finance demand by the MSME sector is met by either formal or informal sources, the estimate for overall supply of finance to the MSME sector is INR 32.5 trillion ($650 billion).
Small and medium Enterprises (SMEs) play an important role in the modern economy; the research aims to identify the role of small and medium enterprises in the economic development in the Arab Republic of Egypt and identify the most important problems and obstacles facing these projects , The results show that, Egypt has 2.5 million small, medium and micro enterprises, representing 99% of the total non-agricultural projects, about 78% of these projects did not receive any banking facilities, The performance SMEs is very weak in terms of export to foreign markets. SMEs can contribute in the process of accelerating development because it does not require huge investments at the same time, and is able to increase employment and mobilize small individual savings, as well as help in the preparation of technical cadres. It also enables the development of exports, including the acquisition of foreign currency and thus improving the balance of payments of developing countries, in addition to their contribution to the formation of a balanced industrial sector that serves the national economy, However Small and medium enterprises in Egypt face many problems that limit the ability to develop them. This sector is still suffering from basic obstacles such as difficulty obtaining finance and guarantees, and many other difficulties related to the inappropriate business environment, laws and regulations, poor infrastructure and banking so that Egyptian government must put a clear approach and specific objectives for the development of these projects.
The whole data are collected from a report of SME Development in Bangladesh By East West University Bangaladesh.Some of data is deducted for present my slide easily. If you need any kind of information about SME Development in Bangladesh please search on internet get the actual data......thank u very much......assalamuwalikum owa rohmatullahi oba-rakatuh.......allah hafez
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
SMEs and Entrepreneurship: What can and do governments do?OECDglobal
Presented at the Regional Meeting on SME, Entrepreneurship and Access to Finance Indicators, organised by the OECD-MENA Investment Initiative, December 2011. http://www.oecd.org/mena/investment
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Msme funding – Opportunities & Challenges (Part 5)Resurgent India
In India, the preferred mode of finance is either self or other sources. This further complicates the situation, as with these sources an enterprise cannot challenge the increasing competition
Micro Small and Medium Enterprise Funding - Opportunities and ChallengesResurgent India
What are MSMEs, Why are they Important, What is their role in the Economy and What are the Opportunities and Challenges related to Funding in the Sector? This Research Report from Resurgent India highlights the Opportunities and Challenges along with Suggestions for MSME Funding.
Empowering MSMEs - Challenges in MSME Financing - Part - 4Resurgent India
Lack of Experience Entrepreneurs of first generation with lack of experience, has been revealed as the foremost reasons of poor SME credit, followed by lack of collaterals & infrastructure put together 26% and poor financials of SMEs by 24% respectively.
Empowering MSMEs - Overall Flow of Finance to the MSME Sector - Part 1Resurgent India
Major reforms for the MSME sector have taken place in the form of introduction of schemes which have benefitted the flow of credit to the sector Working with the assumption that all finance demand by the MSME sector is met by either formal or informal sources, the estimate for overall supply of finance to the MSME sector is INR 32.5 trillion ($650 billion).
Small and medium Enterprises (SMEs) play an important role in the modern economy; the research aims to identify the role of small and medium enterprises in the economic development in the Arab Republic of Egypt and identify the most important problems and obstacles facing these projects , The results show that, Egypt has 2.5 million small, medium and micro enterprises, representing 99% of the total non-agricultural projects, about 78% of these projects did not receive any banking facilities, The performance SMEs is very weak in terms of export to foreign markets. SMEs can contribute in the process of accelerating development because it does not require huge investments at the same time, and is able to increase employment and mobilize small individual savings, as well as help in the preparation of technical cadres. It also enables the development of exports, including the acquisition of foreign currency and thus improving the balance of payments of developing countries, in addition to their contribution to the formation of a balanced industrial sector that serves the national economy, However Small and medium enterprises in Egypt face many problems that limit the ability to develop them. This sector is still suffering from basic obstacles such as difficulty obtaining finance and guarantees, and many other difficulties related to the inappropriate business environment, laws and regulations, poor infrastructure and banking so that Egyptian government must put a clear approach and specific objectives for the development of these projects.
The whole data are collected from a report of SME Development in Bangladesh By East West University Bangaladesh.Some of data is deducted for present my slide easily. If you need any kind of information about SME Development in Bangladesh please search on internet get the actual data......thank u very much......assalamuwalikum owa rohmatullahi oba-rakatuh.......allah hafez
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
SMEs and Entrepreneurship: What can and do governments do?OECDglobal
Presented at the Regional Meeting on SME, Entrepreneurship and Access to Finance Indicators, organised by the OECD-MENA Investment Initiative, December 2011. http://www.oecd.org/mena/investment
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Msme funding – Opportunities & Challenges (Part 5)Resurgent India
In India, the preferred mode of finance is either self or other sources. This further complicates the situation, as with these sources an enterprise cannot challenge the increasing competition
Micro Small and Medium Enterprise Funding - Opportunities and ChallengesResurgent India
What are MSMEs, Why are they Important, What is their role in the Economy and What are the Opportunities and Challenges related to Funding in the Sector? This Research Report from Resurgent India highlights the Opportunities and Challenges along with Suggestions for MSME Funding.
GREEN MANAGEMENT: OPPORTUNITIES AND CHALLENGES IN INTERNATIONAL BUSINESS FOR ...Muhammad Nazri Abdul Halim
There is an increasing awareness of environmental and safe-products for international businesses. Environmental, sustainability and green management provides opportunities to Malaysian SMEs to explore the international market and find new customer segment. Eco-centric and techno-centric paradigms allow for the discussion of green management and highlight business management theory for environmental segments.
Ten Characteristics Common To Highly Effective EntrepreneursAbhishek Shah
Wondering if you have what it takes to succeed as an entrepreneur? What separates those who launch and grow successful companies from less successful peers?
What trait do entrepreneurs like Bill Gates, Steve Jobs, Lawrence Ellison and Richard Branson have that the ordinary entrepreneurs don't?
The Thugs know it all. Check out this SlideShare presentation from ThugStart.com
Entrepreneurial and innovation for SMEs in LibyaOECDglobal
Dr. Dia Eddin Sadek Abuhadra, Advisor to Libya Enterprise, 11 May 2016, Regional conference: Investment and inclusive growth in the midst of crisis, Beirut
Improving Sales in SME Using Internet MarketingIOSR Journals
Abstract : In Indonesia, SMEs are the backbone of the Indonesian economy. Number of SMEs until 2011 to
reach around 52 million. SMEs in Indonesia is very important for the economy because it accounts for 60% of
GDP and 97% of the workforce holds. But access is limited to financial institutions only 25% or 13 million
SMEs who have access to financial institutions. Indonesian government, SMEs, through the Department of
Cooperatives and SMEs, in each province or regency / city.
Although Small and Medium Enterprises (SMEs) is driving the nation's economy, but in reality many of
the problems SMEs are still entangled. The main thing to note is the ability of SMEs to access a wider market.
Because of the ability to change and adapt to a changing environment will determine the existence of small
businesses in the nation's economy. In the end, the existence of small businesses that have high competitiveness
will strengthen the nation's economy as a whole. Thus, in this study will use an appropriate technology tools
that can provide assistance in introducing products through internet and increase sales in each SME
This study uses a sample of students at the State University of Malang that can make a significant
contribution in the small and medium businesses that are being initiated by students.
Keywords: Small Medium Enterprise, Internet Marketing, Sales Improvement
Bangladesh is successful in garments sector primarily without policy support but government came with some policy support such as Bonded warehouse and Back to Back Letter of credit for import of raw materials from other countries. The growth of export of garment is allowing down as Bangladesh only produce low cost garment and "experts" suggesting entrepreneurs to go for high value garment without policy support. Bangladesh needs technology and development of own brands for overseas market.
The Democratic Republic of the Congo offers huge market potential for technology start-ups. The political environment supports entrepreneurship and digital services. The aim of the National Digital Plan is to drive market and improve infrastructure to surge opportunities for financial inclusion.
This presentation was delivered by Dr. Justin Ram, Director, Economics Department at a Seminar on Micro, Small and Medium Enterprise Development in the Caribbean: towards a New Frontier. The event took place on May 18, 2016 in Jamaica. For more information about the Caribbean Development Bank’s work, visit www.caribank.org.
Dr. Justin Ram, Director, Economics Department, Caribbean Development Bank discusses MSME development in the Caribbean during the Bank's seminar on 'Micro, Small and Medium Enterprise (MSME) Development in the Caribbean: Towards a New Frontier' at the 46th Annual Meeting in Montego Bay, Jamaica on May 18, 2016.
This year the Forum will focus on creativity, jobs and local development. We will examine how localities can support culture and creative industries as a source of knowledge and job creation and how the creative industry can act as a powerful driving force areas such as tourism, urban regeneration, and social inclusion.
Understand the characteristics of Strategic Management. What role does a manager needs to play to be a strategic manager. Learn more by subscribing to my blogs and podcasts-all available on amerq.com
Entrepreneurship and Innovation- A way ahead for developing countriesAmer Qureshi
What are the must have's of a successful Entrepreneur. Amer Q discusses the 7 deadly sins for small businesses. Learn more through free video courses and podcasts on amerq.com
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
2. 12/29/14 2
Access to Finance
• Longstanding Constraint in the
growth of SMEs
• Innovative Products being
introduced in Developed
Countries
• SMEs in Pakistan are still
struggling to access finance
• Lack of access to finance
hampers the growth of the
SMEs
3. 12/29/14 3
Access to Finance
• Multi faceted Issue
• No simple solution
• Integrated approach is
required
4. 12/29/14 4
SME LEVEL
Informal
Economy
The Banks
Accounting Practices
Banking Sector Issues
ACCESS TO FINANCE
Multifaceted Problem
Governments
Tax Issues
Collateral
Infrastructure
Legal
Framework
Human
Resources
Interest
Rates
6. 12/29/14 6
LACK OF ACCESS TO FINANCE
Combination of factors are responsible:
• Financial Institution Level
• Government Level
• SME Level
All are inter linked...
7. 12/29/14 7
THE CURRENT
SITUATION
• Most SMEs do not
utilise Banks
• Self financing of new
ventures
• Retained earnings used
to fund growth
• Larger Firms rely much
more on Banks
• Use of informal credit
market
8. 12/29/14 8
The Real Dilemma…
Some of the
issues arise from
with IN the
SMEs.
Some of the
issues reside
OUTside of
SMEs
ACCESS TO FINANCE
9. 12/29/14 9
The Banking Sector
• Reluctance to provide
funding to SMEs
– Prefer to deal with larger
and well established
businesses
– Collateral requirements –
Property etc required
– Lack of relationships with
SMEs
– High lending costs
10. 12/29/14 10
The Banking Sector
• Reluctant to provide funding to SMEs
– Difficulties in enforcing legal rights
– Lack of SME specialists
– Weak financial systems in SMEs
– Higher interest rates for consumer lending
Even opening a bank account
can be a challenging task!!!
11. 12/29/14 11
THE SME BANK
• Deals with established
businesses
• Not able to assist new start
ups
• Similar collateral
requirements as other
banks
• Bureaucratic issues delay
simple transactions
12. 12/29/14 12
THE SMEs
• Overwhelming majority of SMEs are sole
proprietorships and partnerships
• Small number of companies
• Majority of SMEs operating in the informal
sector
• Existence of a well established informal
finance sector
13. 12/29/14 13
THE SMEs
• The informal finance sector
highlights the opportunity that
exists for Banks to generate
business from SMEs
• Family Businesses and
Succession Planning Issues
• Lack of Accounting Systems
and procedures
• Shortage of management
expertise to expand the business
No real incentive to be part of
the formal economy!!!
14. 12/29/14 14
THE GOVERNMENT
• Legal Framework exists but
implementation is difficult
• Bureaucracy
• The Fiscal and administrative burden
of taxation
• Large number of taxes and regulations
15. 12/29/14 15
THE GOVERNMENT
• Intellectual Property Rights protection
• On the ground reality often different from the
government policies
• The Implementation of SME policy
• Improvement in
Infrastructure(Transport,Electricity)
A change is needed in the Culture of
Government Organisations!!!
16. 12/29/14 16
THE REAL CHALLENGE!!!
HOW CAN WE
IMPROVE ACCESS
TO FINANCE FOR
SMEs?
17. 12/29/14 17
RECOMMENDATIONS
• The Informal economy – encourage businesses to
enter the formal economy
• Improvement in legal enforcement of creditors
rights is critical
• Shift repossession and selling of collateral out of
the court system
• Encourage the Banks to develop new and
innovative products
• Receivables Based lending
• Goodwill financing
• Islamic Banking
• Dispute resolution processes should be developed
18. 12/29/14 18
RECOMMENDATIONS
• SME Experts – Training and
development
• Implementation of SME
Policy
• Facilitation of the emerging
Venture Capital Industry
19. 12/29/14 19
RECOMMENDATIONS
• Adopt an Integrated approach to
the problem
• Reduce the administrative burden
of SMEs
• Work on changing the culture of
Government Organisations