KARACHI: The Small and Medium Enterprises (SMEs) receive less than 10 per cent credit from the private sector despite contributing 40 per cent to the GDP.

The paltry lending was despite the push from the government and the State Bank of Pakistan (SBP) to improve the liquidity of small businesses.

A recent report by the Competition Commission of Pakistan (CCP) said there were over 5.2 million SMEs in Pakistan, contributing 40pc to the GDP and 30pc to total exports.

The sector also employs an estimated 80pc of the non-agriculture labour force.

Small businesses receive less than 10pc loans........

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