WEAK AND STRONG DIMENSIONS OF SMALL AND MEDIUM ENTERPRISES (SMES) AND CONTRIBUTION TOWARD THE ECONOMY OF KPK (PAKISTAN)

Abstract

SMEs are the backbone of every economy and needs revolutionary support in the form of strategic policy decision from the State. There cannot be two opinions with regard to the importance of SMEs both in developed and developing economies. A country like Pakistan has a tremendous potential for the growth and development of SMEs to go to the next phase of industrialization with the help of technical and financial assistance to the sector. Here the researcher will pin point the weak and strong dimensions for the future of SMEs. One main reason for such reorientation has been the new way of thinking by managers and economists in developed market economies and a new perception of opportunities of economic success.