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Paper Title:“Small and Medium-Size Enterprises in Pakistan:
Access to Finance as a Growth Constraint”
Abstract:
 

This paper assesses the constraints faced by SMEs in Pakistan, which undermine their growth potential. The study establishes the context by reviewing some stylized facts pertaining to this segment. Utilizing World Bank Enterprise Surveys data, the study classifies the top issues self-identified by a sample of both SMEs and large firms in Pakistan, and contrasts these issues with the constraints faced by firms in other regional developing countries. Given that current outstanding credit to SMEs in Pakistan is a mere PKR 305 billion (with demand for credit of PKR 1.2 trillion, according to one estimate), the study touches upon the dynamics of limited access to finance for this segment. A Probit model econometric approach is employed to determine the extent to which factors such as the size of the firm, number of years in operation, nature of its production activities, legal form, prior relationship with banks, and gender of the firm’s owner influence access to finance. Finally, it explores policy implications arising from the study for various stakeholders including investors, entrepreneurs and policy makers.


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Dr Asfia Obaid
Conference Convener
Email:asfia.obaid@nbs.nust.edu.pk
Tel: 00-92-51-90853201

Mr Kashir Asghar
Conference Coordinator
Email:kashir.asghar@nbs.nust.edu.pk
Tel: 00-92-51-90853100

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