The Bank of Punjab (BOP) and Reenergia-Ipsos entered into an Agreement for the development of a “Pakistan SME Environment & Performance Index (BOP-PAK-SEPI)”. The Index shall be the first of its kind, track the environment and the performance of SMEs in Pakistan on a periodical basis.
SEPI will incorporate the existing Business Enabling Environment Index for Pakistan (BEEIP) developed with financing support of USAID for Pakistan by Reenergia-Ipsos, and shall be a dynamic tool providing the much-needed detailed insights into the performance of the SME sector as a whole along with providing granular details on SME sub-segments and clusters helping more informed policy making, regulation, and targeted financial interventions as it shall be capturing demographic cuts along with Women-Led and Export-Oriented SMEs.
The Index shall be developed in 2 phases. Phase-I shall consist of Key Informant Interviews (KIIs) with the relevant stakeholders, i.e. BOP, SBP, SECP, etc. and secondary data gathering from the existing data repositories of Pakistan Bureau of Statistics, SMEDA, World Bank, etc. relating to the Pakistani SME Value Chains. Phase-II shall consist of the Primary Research for actual data gathering through questionnaire-based market survey of SMEs across all geographies and value chains including Agri. Reenergia is a for-profit social impact advisory and delivery firm that has partnered with Ipsos, a global leader in market research, to undertake the primary research for the Index.
Speaking at the occasion, Mr. Asif Riaz (Group Head Consumer Banking – BOP) said that development of the BOP-PAK-SEPI shall enable BOP to increase financing to SMEs under a better-informed and targeted manner, specifically for Women-Led and Export-Oriented SMEs.
