According to the Small and Medium Enterprises Development Authority (SMEDA), Pakistan ranks third in terms of government funding for small and medium enterprises (SMEs) to mitigate the effects of Covid-19.
According to an online survey conducted by Smeda, Asian Development Bank Institute (ADBI), and Asian Productivity Organisation (APO) titled “Effect of Covid-19 on SMEs,” the majority of Pakistani businesses are experiencing cash flow (82 percent) and raw material (65 percent) shortages.
However, 11.44 percent of SMEs expect their sales revenue to increase in 2020 relative to 2019, while 12.29 percent expect their sales revenue to remain unchanged.
In addition to Indonesia, India, Bangladesh, Malaysia, Vietnam, Mongolia, and the Lao People’s Democratic Republic, the ADBI and APO conducted surveys in other countries in the area.
236 Pakistani SMEs took part in the online survey, which began in August 2020 and ended in September 2020.
Pakistan was the best performer in the region (in terms of percentage) among the changes recorded in the market climate from February to April 2020, with just 36.44 percent of respondents reporting a substantial decline in domestic demand.
