ADB advises Pakistan to address private sector’s challenges
Business
April 29, 2021
ISLAMABAD: The Asian Development Bank (ADB) on Wednesday advised Pakistan to address the challenges confronted by its private sector particularly small and medium enterprises (SMEs) that operate informally.
“Policy challenge strengthening smaller enterprises to spur private sector development stronger small and medium-sized enterprises (SMEs) could collectively become an important pillar of the economy in Pakistan, able to absorb the significant numbers of youth entering the labor market,” ADB said in its flagship publication of Asian Development Outlook. “During recovery from COVID-19, the priority should be to restore economic health by jumpstarting SMEs’ operations and improving their access to financial services. The pandemic has highlighted that Pakistan needs to address the challenges of its private sector, in particular, the prevalence of SMEs that operate informally. “
ADB advises Pakistan to address private sector s challenges
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ADB advises Pakistan to address private sector s challenges
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.