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International Letters of Social and Humanistic Sciences
ILSHS Volume 47
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Sources of Finance Available for SME Sector in Pakistan
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Sources of Finance Available for SME Sector in Pakistan

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Abstract:

Small and medium enterprises (SMEs) are engines of growth for developed and developing countries. Developing countries like Pakistan must pay special attention towards its development and growth which is very essential for country’s economic growth, economic development, employment generation, income equality, poverty alleviation, entrepreneurial culture etc. But unfortunately this sector is under performing due to many barriers including improper infra-structure, regulatory requirements difficulties, shortage of skilled HR, non competitive products, lack of entrepreneurial expertise, small scope of business and risk of default but above all access to finance is the major barrier that is facing by SMEs. This research paper examines the sources of finance (formal and informal) that are available for SMEs and also highlights the issues that create hindrance in effective flow of financial facilities to SMEs especially SEs (Small Enterprises). The research paper concludes that sufficient and easy availability of finance is the key to success for SMEs in Pakistan.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 47)
Pages:
184-194
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.47.184
Citation:
M. M. Khan, "Sources of Finance Available for SME Sector in Pakistan", International Letters of Social and Humanistic Sciences, Vol. 47, pp. 184-194, 2015
Online since:
February 2015
Authors:
Muhammad Mohsin Khan
Keywords:
Access to Credit, Formal Financial Sources, Informal Financial Sources, Medium Enterprises, Small Enterprises
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

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Syed Kamran Sherazi, Muhammad Zubair Iqbal, Muhammad Asif, Kashif-ur-Rehman and Syed Saad Hussain Shah (2013), Obstacles to Small and Medium Enterprises in Pakistan, Principal Component Analysis Approach.

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International Finance Corporation quarterly report (2012).

State Bank of Pakistan quarterly report for SMEs 2008. ( Received 13 January 2015; accepted 25 January 2015 ).

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Cited By:

[1] R. Rasheed, S. Siddiqui, "Attitude for inclusive finance: influence of owner-managers’ and firms’ characteristics on SMEs financial decision making", Journal of Economic and Administrative Sciences, 2018

DOI: https://doi.org/10.1108/JEAS-05-2018-0057