Академический Документы
Профессиональный Документы
Культура Документы
Companies Ordinance 1984. The Government of Pakistan is the major Shareholder of the
bank. As part of financial sector restructuring program of Government of Pakistan,
Regional Development Finance Corporation (RDFC) and small Business Finance
Corporation (SBFC) were amalgamated into SME Bank Ltd effective January 1, 2002.
SME bank Ltd was established to exclusively cater to the needs of the SME sector. it was
created to address the needs of this niche market with specialized financial products and
services that will help stimulate SME development and pro poor growth in the country.
Corporate Objectives
• To enable SMEs to play a vital role in stimulating GDP growth, create job
opportunities and reduce poverty.
http://www.smebank.org/aboutus.html
Back to Top
Significance of SMEs
SMEs are considered the engine of economic growth in both developed and developing
countries, as they:
Provide low cost employment since the unit cost of persons employed is lower for SMEs
than for large-size units.
• Assist in regional and local development since SMEs accelerate rural
industrialization by linking it with the more organized urban sector.
• Help achieve fair and equitable distribution of wealth by regional dispersion of
economic activities.
• Contribute significantly to export revenues because of the low-cost labour
intensive nature of its products.
• Have a positive effect on the trade balance since SMEs generally use indigenous
raw materials.
• Assist in fostering a self-help and entrepreneurial culture by bringing together
skills and capital through various lending and skill enhancement schemes.
• Impart the resilience to withstand economic upheavals and maintain a reasonable
growth rate since being indigenous is the key to sustainability and self-
sufficiency.
Back to Top
Pakistan 's economy has amazing potential for development but sadly, we haven't been
able to derive optimal benefits despite a series of efforts launched by various policy
makers at different times. The impetus of all these endeavors was on the large scale
industries and manufacturing concerns. High rate of failures, owing to economic slumps,
institutional malpractices, political motives and damaging activities of labour unions in
that sector, left the formal lending institutions with huge infected portfolios, in addition to
adverse effects on the entire economy e.g. insufficient and low quality production to meet
the demands of local and international markets, deficit in balance of payments and ever
rising unemployment, etc.
Pakistan 's SMEs are still unable to achieve their maximum potential and are in dire need
of ‘hand-holding' and business support services.
Back to Top
Research reveals that despite the lack of collateral, SMEs are a better credit risk, as the default rate of this
sector is much below that of large enterprises (LEs). Throughout the world, SMEs have provided
tremendous opportunities to financial institutions to design various tools for the sector's development (e.g.
Program Lending Schemes, Credit Scoring, Venture Capital Financing, etc.). Then there are clusters,
technology parks and industrial estates, all being fuelled by the dynamism and vibrancy of small and
medium enterprises. Banking institutions, running on Islamic principles, are also experimenting with
interest free financial instruments (e.g. Mudarabah, Murabaha, Ijarah etc.) for this sector.
http://www.smebank.org/SME%20Sector.htm
http://scholar.google.com.pk/scholar?q=related:CPBj8-
X34IkJ:scholar.google.com/&hl=en&as_sdt=2000
http://psycnet.apa.org/?fa=main.doiLanding&doi=10.1037/0021-9010.83.5.777
Abstract
http://www.informaworld.com/smpp/content~db=all~content=a903913882
pdfs
http://www.snowfly.com/pdf/Vol16_03_46condly.pdf
http://web.mac.com/astajkovic/Alex_Stajkovic/Publications_files/Stajkovic
%20%26%20Luthans%20%282001%29-AMJ.pdf
http://www.psychology.uh.edu/faculty/Eisenberger/files/16_Detrimental_Effects_of_Re
ward_Reality_or_Myth.pdf
http://home.ubalt.edu/tmitch/642/Articles%20syllabus/Deci%20Koestner%20Ryan
%20meta%20IM%20psy%20bull%2099.pdf
http://download.clib.psu.ac.th/datawebclib/e_resource/trial_database/WileyInterSci
enceCD/pdf/HRM/HRM_2.pdf
http://www.uoguelph.ca/~bcadsby/sorting.pdf
http://www.iqraisb.edu.pk/icbte/Proceeding_ICBTE_2010/Proceeding
%20Papers/109.pdf
http://www.scribd.com/doc/14090075/Questionnaire-A-study-on-employee-
MotivationBy-shahid-chavakkad
http://www.scribd.com/doc/14090075/Questionnaire-A-study-on-employee-
MotivationBy-shahid-chavakkad
http://www.pakistaneconomist.com/issue2002/issue5/f&m.htm
http://www.scribd.com/doc/18181026/Report-on-SME-Bank-Ltd
http://www.smeda.org/fsg/index.php
http://siteresources.worldbank.org/PAKISTANEXTN/Resources/293051-
1241610364594/6097548-
1242706658430/Ch4BringingFinancePakistanPoorMay192009.pdf
http://www.slideshare.net/azsnal/sme-bank
http://www.scribd.com/doc/39953499/Small-Business-Finance-Corporation-in-Pakistan