Conference: ‘SMEs backbone of corporate sector’

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) recognises the significance of growing small and medium enterprises (SMEs) and considers them the backbone of the corporate sector, said SECP Executive Director (Registration) Nazir Shaheen. Speaking at the 5th Pakistan SME Conference held in Gujranwala on Thursday, he said that a large segment of SMEs is operating as informal and unstructured non-corporate entities and there is a dire need that they should be incorporated to become part of the documented, structured and formal corporate sector.

Published in The Express Tribune, October 7^th, 2011.