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SALU-Commerce & Economics Review

Authors:
Soomro Raheem Bux
Khair Mohammad
Faqeer Muhammad

Abstract:
The Pakistani people possess a God-gifted ability to be entrepreneurial nation. In the national economy, Small and Medium Enterprises (SMEs) constitute nearly 90% of all private firms; they are a source of employment for nearly 80% non-agricultural labor force; and contribute a share of 40% annually in GDP of the country. Therefore, this research is basically carried out to investigate entrepreneurial environment in Pakistan through GEM data. This study has used two sources of data and they are: the Adult Population Surveys (APS) and 09 indicators of National Experts Survey (NES). Experts have generally rated entrepreneurial environment of Pakistan as a mediocre. The biggest constraint for entrepreneurs in Pakistan is access to finance, while the biggest contributing factor is Cultural and Social Norms and view of 51.50% experts is that access to finance is the most important recommendation given by the experts. In Pakistan men hold more positive attitude then females towards starting own business. The Male TEA rate is 21.27 while female rate is just 1.21. In order to promote an entrepreneurial environment in Pakistan, the government has to play an instrumental role.