10.07.2015 Views

Framework for Economic Growth, Pakistan - Planning Commission

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International conference on “<strong>Framework</strong> <strong>for</strong> <strong>Economic</strong> <strong>Growth</strong>, <strong>Pakistan</strong>”Saqib MohiuddinBusiness Support FundQuestion: What role of SMEs you see in FEG <strong>for</strong> the development of <strong>Pakistan</strong>?Answer: We all understand that SMEs playan important role in the economicdevelopment of the country. In <strong>Pakistan</strong> wehave 96% of SMEs being the businessentities which are serving as engine ofgrowth <strong>for</strong> the country. We need to developentrepreneurship, innovation and growthstrategies in SME sector. An important factabout our SMEs is that 25% of our SMEs gobeyond 15 years of survival. Reason is thatthey are not able to face global competition.Entrepreneurship skills are lacking and theyhave failed to bring innovation strategies.Good governance is also lacking.I think that this conference will go a longway in introducing new models in SMEsector development and sustainability.***InterviewAyaz AmirColumnist/ JournalistQ: Please give some initial comments on FEG. Do you agree with the growth strategy and will itwork?Answer: Good ideas are presented in theconference. Whatever the growth strategy is,it will not work unless we have politicalconsensus and support behind which shouldcut across all the political lines. It isimportant that this strategy should become apart of all government policies and thinkingto make it work.Whatever the growth strategy is, it will not work unless we havepolitical consensus and support behind which should cut across allthe political lines.Q: What is the most binding constraint you see in this growth strategy?108

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