Small- and medium-sized businesses backbone of our economy: Nihal

KARACHI: Sindh Governor Syed Muhammad Nihal Hashmi on Saturday called for greater support to micro, small and medium-sized enterprises (MSMEs), saying the sector is central to economic growth, job creation and export expansion, and must be equipped with modern technology, easier access to finance and a business-friendly environment to unlock its full potential.

In a message issued on the MSMEs Day, the Governor described small and medium-sized businesses as the backbone of Pakistan’s economy, noting that they make a significant contribution to employment generation, entrepreneurship and industrial development.

Hashmi said empowering MSMEs is essential for achieving sustainable economic growth and building a resilient economy capable of competing in an increasingly dynamic global marketplace.

He stressed that providing equal opportunities to youth, women and aspiring entrepreneurs would help create a more inclusive and self-reliant Pakistan.

He said innovation, adoption of modern technology and sustainable industrial practices are critical to enhancing the competitiveness of Pakistani businesses in international markets.

He added that strengthening the MSME sector would not only boost productivity but encourage investment, expand exports and create new employment opportunities. He emphasized the need to improve access to affordable financing, modern skills training and entrepreneurship development programmes, while ensuring a business-friendly regulatory environment that enables small and medium-sized enterprises to grow and thrive.

Hashmi said the observance of MSMEs Day serves as a reminder of the importance of supporting entrepreneurs and small businesses, which are the driving force behind economic resilience and inclusive development.

He reaffirmed the government’s commitment to promoting and strengthening the MSME sector, expressing confidence that sustained support for small businesses would pave the way for long-term economic stability, innovation and shared prosperity across Pakistan.

Copyright Business Recorder, 2026