What Is The Importance Of The Development Of Cottage Industries In Pakistan?

For Pakistan, the development of cottage industries or small and medium enterprises, as they are otherwise called, will generate a welter of benefits for the country on a collective basis as well as for the people on an individual front. First and foremost the labor-intensive nature of cottage industries will provide a great scope of opportunity for additional employment, which will go a long way in decreasing the rate of unemployment from the country. Moreover, some sub-cultures in Pakistan do not encourage the working of women outside their homes; cottage industries would enable women to work from their homes. Furthermore, these industries contribute a great deal in saving foreign exchange by meeting the local demand for industrial goods. Also cottage industries can play a great role in increasing the export output for Pakistan, which in turn, will serve to enhance Pakistan's reputation in a number of international markets. Amalgamating all these components, the importance of cottage industries could very well be realized.