CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
0
0
0
0
0
Subscribe
CW Pakistan
CW Pakistan CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • Business
  • Computerworld
  • Technology

Webinar to commemorate International MSME Day: Digitizing MSMEs for a Digital Pakistan

  • April 15, 2022
Total
0
Shares
0
0
0
Share
Tweet
Share
Share
Share
Share

A Digital Dialogue on ‘Digitizing MSMEs for a Digital Pakistan’ was held in honour of the International Day of Micro, Small and Medium Enterprises (MSMEs), which is observed every year on June 27th around the world. The discussion focused on how digitization might help to improve Pakistan’s current financial ecosystem for micro and small businesses.

The session was hosted by Saad Hameed Khan, Head of Lending Transformation & Digitization – Easypaisa / Telenor Microfinance Bank, and the panel comprised renowned industry leaders, including Syed Mohsin Ahmed, Chief Executive Officer – Pakistan Microfinance Network, Navid Goraya, Chief Investment Officer – Karandaaz Pakistan and Kamran A. Zuberi, Chief Executive Officer – Finja Lending Services Ltd.

MSMEs are the backbone of Pakistan’s economic infrastructure, accounting for 40% of the country’s exports and a similar percentage of GDP. However, the industry is currently confronted with a number of obstacles, the most significant of which is a lack of access to financial services, which has resulted in limited access to formal credit. This problem can be solved by digitising small businesses and bringing them into the financial system through digital payments and financing.

During the discussion, panellists examined how SMEs have access to only 7% of total private lending, whereas in other regional markets, it might be as high as 30% or more. Similarly, SMEs are offered credit worth only 1% of the country’s GDP. This number varies widely in various South Asian countries, ranging from roughly 9% to 10%. Given the limits imposed on the SME sector by the supply side, there is naturally less motivation for them to organise themselves, borrow, or digitise.

Participants also stressed that MSMEs will only be able to modify their behaviour if there is no friction, which comes in the form of pricing. Because it is particularly sensitive to customers across the board, the costs associated with digital payments must be incentivized in order to go cashless.

It was also mentioned that one method to address the MSME sector’s issues is to view digitization as more than just a tool for documenting the economy. That may be a side effect of a financially inclusive society, but it is not its overall goal. This strategy will change the way policies and frameworks are created, allowing for more inclusive financing to be achieved through digitization.

Over the years, Pakistan’s microfinance institutions have made significant progress in creating suitable digital infrastructures for both individual consumers and MSMEs. The country’s most prudent business sector can accomplish wonders for itself and the wider economy by reducing the need for complicated documentation and digitising transactions.

source: TechJuice

 

 

Share
Tweet
Share
Share
Share
Related Topics
  • GDP
  • microfinance
  • MSMEs
Previous Article
  • Business
  • CIO
  • Computerworld
  • Technology

Pakistan is now one of the top 15 countries in the world in terms of cryptocurrency adoption.

  • April 15, 2022
Read More
Next Article
  • Business
  • CIO
  • Computerworld
  • Technology

RapidCompute is the first Pakistani company to provide proactive management services to Runecast.

  • April 15, 2022
Read More
You May Also Like
Read More
  • Business

Data Vault Launches Pakistan’s First AI-Powered Data Center

  • Press Desk
  • June 26, 2025
Read More
  • Business

FPCCI and SECP Host Seminar to Boost Corporatization and Ease of Doing Business

  • Press Desk
  • June 25, 2025
Read More
  • Business

PAA Appeals Against Withholding Tax Increase on Advertising Services at FPCCI Meeting

  • Press Desk
  • June 24, 2025
Read More
  • Business

Skywell Group to Build EV Assembly Plant in Punjab SEZ Under New Pakistan-China MoU

  • Press Desk
  • June 19, 2025
Read More
  • Business

S&P Global Completes 20 Years in Pakistan, Reaffirms Commitment to Innovation and Empowerment

  • Press Desk
  • June 19, 2025
Read More
  • Business

Aga Khan University Panel to Explore Supply Chain 5.0 and Sustainability on June 20

  • Press Desk
  • June 19, 2025
Read More
  • Business

Careem Halts Ride-Hailing in Pakistan Amid Competition and Economic Pressures

  • Press Desk
  • June 18, 2025
Read More
  • Business

Govt Limits FBR Arrest Authority, Adjusts Cash-on-Delivery Tax Policy

  • Press Desk
  • June 17, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts
  • HED KP Partners with Code for Pakistan and Sarhad Chamber to Empower Youth with Emerging Tech Skills
    • July 1, 2025
  • StockIntel Introduces Direct Brokerage Integration with Munir Khanani Securities for PSX Investors
    • June 30, 2025
  • Lahore Launches Smart Recycling Machines Offering Cash for Plastic Bottles
    • June 30, 2025
  • 500,000 Youth to Receive Google and Microsoft Certifications Under Govt’s IT Skills Drive
    • June 30, 2025
  • Govt Launches Smart City Plan for Islamabad with Fiberization and Digital Education Drive
    • June 30, 2025
about
CWPK Legacy
Launched in 1967 internationally, ComputerWorld is the oldest tech magazine/media property in the world. In Pakistan, ComputerWorld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan, its sister brand from the same family, was launched and took over the enterprise reporting domain in Pakistan, CWPK has emerged as a holistic technology media platform reporting everything tech in the country. It remains the oldest continuous IT publishing brand in the country and in 2025 is set to turn 30 years old, which will be its biggest benchmark and a legacy it hopes to continue for years to come. CWPK is part of the SPIN/IDG Wakhan media umbrella.
Read more
Explore Computerworld Sites Globally
  • computerworld.es
  • computerworld.com.pt
  • computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
CW Pakistan CW Pakistan
  • CWPK
  • CXO
  • DEMO
  • WALLET

CW Media & all its sub-brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. This site is designed by Crunch Collective. ©️1995-2025. Read Privacy Policy.

Input your search keywords and press Enter.