Pakistan has approximately 5.2 million to 7.14 million small and medium enterprises (SMEs), operating across almost every sector of the economy. They constitute about 90 percent of private sector enterprises, employ 78 to 80 percent of the non-agricultural workforce, contribute roughly 40 percent of GDP and account for more than 30 percent of national exports. Their importance to employment, poverty reduction and economic growth cannot be overstated. Yet many lack the financial resources and institutional backing required to expand, particularly when venturing into export markets where delayed payments can threaten their survival.Recognising this potential, the federal government established the Small and Medium Enterprises Development Authority (SMEDA) in October 1998. Operating under the Ministry of Industries and Production, it facilitates business development, improves access to infrastructure and resources, supports productivity and energy efficiency, and provides training programmes. It also collaborates with national and international development partners.SMEDA’s performance recently came under review at a meeting chaired by........

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