Small Business in Pakistan is a rapidly growing sector, with the majority of entrepreneurs operating in the informal segment. Small businesses account for roughly 90 percent of the total businesses in the country, and the vast majority of these businesses are owned and operated by individuals and families. Small businesses are a major source of employment in Pakistan, employing around 40 percent of the labor force.
Small businesses in Pakistan are typically involved in trade, retail, services, or manufacturing. Many of these businesses are involved in agriculture, providing food and other agricultural products for the local population. Small businesses are also involved in other industries, such as construction, transportation, tourism, and hospitality.
The small business sector in Pakistan faces numerous challenges, including limited access to finance, low levels of technology, inadequate infrastructure, and limited access to markets. The government of Pakistan has taken steps to address these issues, such as providing tax incentives to businesses and providing access to credit.
Overall, small business in Pakistan is a key source of employment and income for the country’s population, and its importance is only likely to increase in the years to come. By providing the right support and incentives, the government of Pakistan can ensure the success of small businesses and create a vibrant economy.
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