Opportunities, pathways for strengthening industries
The industrial sector of Pakistan, once the backbone of the nation's economy, represents untapped potential that could drive economic growth, create jobs and enhance global competitiveness. It is high time to focus on it. With strategic interventions focused on small and medium enterprises (SMEs), the light engineering sector and agro-industrial opportunities, Pakistan can optimise its industrial output and improve economic resilience. SMEs constitute over 90% of Pakistan's enterprises and contribute significantly to the gross domestic product (GDP) and employment. Yet, they often struggle due to the lack of resources, technology and infrastructure. Harnessing the potential of SMEs requires a multi-dimensional approach.