State Bank launches new project on SME clusters survey in Pakistan

Karachi: State Bank of Pakistan SBP Monday launched a new project on clusters survey of 10 important Small & Medium Enterprise SME Clusters in the country. The object is to provide credible information base on key SME clusters, sub-sectors of economic importance.

Funded by Department for International Development DFID UK, it project will develop key drivers of business of important SME subsectors located in various cities of the country. Clusters selected include: Cotton Ginning, Marble & Marble Products, Plastic Products, Hand-made Carpet Manufacturing, Leather Products, Dry-cleaning & Laundry services, Beauty parlours & Spa, Super markets, Retail shops, Printing Press, Gem & Jewellery. Corporate Development Partners (Pvt) Limited will complete survey in four months. It is important project as availability of reliable, comprehensive data on SMEs play critical role in development of the sector, helping relevant stakeholders in devising sector-specific effective business strategies. It will specially help banks in targeting selected SME clusters through appropriate banking products, marketing, distribution strategies, thereby increasing their penetration in SME sector. SBP, in collaboration with International Finance Corporation & Lahore University of Management Sciences, recently completed similar projects on 11 other important SME clusters.

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