ISLAMABAD, May 18: The government is making efforts for supporting and developing small and medium enterprises (SME) sector in the country.

This was stated by SME Bank president Kaiser Naseem at a seminar on “Role of SMEs in the Economy”, organized by National Institute of Pakistan Studies, Quaid-i-Azam University, on Saturday.

He said the sector had become a life-line for big industrial establishments due to its direct contribution and support towards value addition and exports.

Frequently quoted as the “back bone” of an economy, SMEs contribute towards employment generation, promotion of craftsmanship, equitable wealth distribution, resource mobilization and development of an entrepreneurial culture.

Mr Naseem said the government had set up SME Bank, especially, to cater to the financial and technical needs of small enterprises in the country.— APP