- Monday | 27 Jun, 2022
- 11:30 AM - 1:00 PM
Sustainable Development Policy Institute has been engaging with the stakeholders in Khyber Pakhtunkhwa via their public-private dialogue methodology for a better understanding of the business regulatory environment. During these dialogues stakeholders from academia, private and public sectors have identified a void in the academia-industry linkage. The industry is of the view that it should be mandatory for the students to be taught a course on industrial skills and a program should be devised where students are introduced to the industry for industrial experience. Academic institution like Pak-Austria Fachhochschule Institute of Applied Sciences and Technology is a role model as they devised a mechanism for students to be a part of the industry. The share of Khyber Pakhtunkhwa province in GDP is around 10.5%. But due to rising prices, cost of doing business and less exports, it is expected that share of economic growth in FY22 could be declined. Some good initiatives have been taken for the growth of MEMEs in Khyber Pakhtunkhwa as the investment have been made in SMES feasibility in the process of registration, electricity, and gas connections. But there are still some issues that need to be addressed particularly for the MSMEs sector. Some challenges highlighted by the stakeholders during dialogues in Khyber Pakhtunkhwa are insufficient product diversification, not effective research and development, lack of skilled manpower and capacity building of private sector and six to seven hours loadshedding causes severe problems for industries to operate in Khyber Pakhtunkhwa. For the growth and development of Pakistan, further improvements in MSMEs sector are required especially in Khyber Pakhtunkhwa Province.
United Nations celebrates June 27th as Micro-Small and Medium-Sized Enterprises Day. Micro, small and medium-sized enterprises (MSMEs) contribute to achieving the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs). MSMEs help reduces levels of poverty through job creation and economic growth, they are key drivers of employment, decent jobs and entrepreneurship for women, youth, and groups in vulnerable situations. They are the majority of the world’s food producers and play critical roles in closing the gender gap as they ensure women’s full and effective participation in the economy and in society. Despite their significant contributions to SDGs, MSMEs have been hit the hardest by the negative socioeconomic impact of the COVID-19 pandemic. There is a need to work on MSME sector in a better way to increase the growth and development and support the employment of Pakistan via creating an academia-industrial linkage. The objective of the dialogue is to focus on the following: