Abstract:
The Small and Medium Scale Enterprises/Industries (SMEs) Junction as a lifeline ill
informal sectors of Pakistan and Sri Lanka due to their immense contribution ill
areas such as employment generation, exports, equitable income distribution. social
stability, efficient domestic resources usage and regional development. However, a
large number of SMEs in both countries are struggling to survive in today's global
competitive market. Their sustainable growth is threatened by [he impact and
challenges of rapid globalization. Absence of any networking and cooperation
among the SMEs and lack of linkages with large scale industries have aggravated
these problems. In spite of the various policy reforms, establishment of SME related
apex bodies, incentives and assistance offered by the national governments in both
countries, SME sector has suffered in many fronts. The outcome of this paper is to
identify coherent policies and strategies to develop SMEs to their full potentials both
in Sri Lanka and Pakistan under this intense globalization move.
