Financing consumption through SMEs
Nothing in the current design distinguishes a rupee of credit reaching an exporter’s supplier from a rupee reaching a...
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Financing consumption through SMEs Ammar H Khan Published July 13, 2026 Updated July 13, 2026 06:58am 0 comments Join our Whatsapp Channel Add Dawn as a trusted source Pakistan counts 7.14 million business establishments in its Economic Census, and only 9.8 per cent of them sit in manufacturing. Wholesale and retail trade accounts for 45.1pc, nearly five times as many. Twenty-seven years of measuring small and medium enterprises (SME) policy success by headcount and GDP share, never by whether small firms are actually financed for production, has led the government to finance consumption. Trade and consumption-facing services recycle domestic demand; they do not build export earnings, productivity growth, or foreign exchange.
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