Small and medium enterprises (SMEs) form the backbone of sustainable economic growth in developing economies, particularly in Pakistan, where resilience and competitiveness depend on diversified production and broad-based participation. As global markets evolve and supply chains become more innovation-driven, the strategic development of small-scale industries, artisans, and cottage sectors has become crucial.

In Punjab, the Punjab Small Industries Corporation (PSIC) stands at the center of this transformation, demonstrating how a dynamic public-sector institution can nurture entrepreneurship, strengthen industrial foundations, and drive inclusive prosperity.

PSIC’s contribution rests on a holistic model of SME development that integrates access to finance, industrial infrastructure, skill enhancement, technological modernization, and sustainable production practices. Over several decades, PSIC has laid the groundwork for industrial expansion through the establishment of 23 Small Industrial Estates (SIEs) across the province.

These estates have evolved into productive hubs equipped with essential facilities, enabling entrepreneurs to launch and scale businesses efficiently. Most estates today are significantly colonized and host industries ranging from light engineering to handicrafts, chemicals, packaging, and agro-processing.

The corporation’s regional network ensures continuous support, helping small manufacturers overcome operational challenges, comply with regulations, and adopt new business models in response to shifting market needs.

In recent years, PSIC has undergone an internal transformation aimed at modernizing its operations and improving service delivery. The digitization of all 23 industrial estates marked a significant breakthrough, embedding transparency, efficiency, and improved estate management........

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