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Prime Minister to launch road map for SME Finance Policy on 22nd December at State Bank of Pakistan

Karachi, December 20, 2017 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) has applauded Tariq Bajwa the Governor of the State Bank of Pakistan (SBP) for preparing the Road Map (RM) for the SME sector financing with the consensus of all the stakeholders and inviting the prime minister to launch it at a ceremony at the Learning and Resource Centre (LRC) at the SBP.

The Prime Minister (PM) Shahid Khaqan Abbasi is scheduled to launch the Road Map for promotion of ‘Home Remittances through M-Wallet Accounts and Policy for Promotion of SME finance’ on the 22nd December 2017 at the State Bank of Pakistan and after that hopefully the SBP will adopt the recommendations for the benefit of the under privileged sector.

UNISAME president Zulfikar Thaver said the RM reflects the good homework of the SBP It is indeed very comprehensive and covers most of the aspects of SME financing and if the policy makers follow the RM it will bring about promotion in the real sense.

He added that “as far as we are concerned we are reiterating our demands as we firmly believe that besides finance the sector needs friendly policies for energy, raw material availability, filling of technological gap, marketing support, industrial estates, innovative and value addition guidelines and many other facilities, support, encouragement and motivation”.

UNISAME will also seek the opportunity to invite the kind attention of the PM to the turnover tax imposed on the rice traders who are liable to pay a tax of 0.2% if the turnover exceeds 10 million. This tax is not on other commodities but only on rice and the union will seek removal of this tax on rice. The Union will also urge the PM to enable the SME sector to meet the challenges of global competition by reduction in cost of doing business and ease of doing business.

For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Tel: +92-21-35884225-6
Fax: +92-21-35380642
Cell: +92-300-8245307, +92-321-8245307
Email: unisame@gmail.com

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Small and Medium Enterprises demand priority

Karachi, December 05, 2017 (PPI-OT):Mir Salman Ali vice president of the Union of Small and Medium Enterprises (UNISAME) emphasized at the first day of the three day ‘Twentieth Sustainable Development Conference’ (SDC) the priority for the micro to medium sized sector at a local hotel in Islamabad.

The overarching theme of the SDC 2017 is ‘Seventy Years of Development: The Way Forward’. Each SDC is designed to be a forum for exchanging dialogues on sustainable development with academia, civil society, legislators and policy makers. This year’s Conference is reflecting on a collective vision for sustainable development in Pakistan and the region. The Conference will review Pakistan’s seventy years of existence and past 25 years of think tanks; and, the role of thinking community in their contribution towards peace and sustainable development.

In the midst of very senior personalities and experts young Mir Salman Ali was asked to speak on ‘Challenges and Potential of SME Sector Financing in Pakistan And a Way Forward through CPEC’, organized by Dr Nadia Farooq, Centre of Excellence-CPEC and Dr Sajid Amin, SDPI. He pointed out the need for access to finance and the importance of modern risk management concept to be adopted by banks. The need for collateral management coupled with logistics to enable the sector benefit from the opportunities which CEPEC offers. The need to make the banks comfortable in financing through credit guarantee insurance is the need of the hour.

He specifically pointed out the need for low cost premium by the government as private insurance companies charge very high premium. Highlighting the other basic requirements of the sector he urged the government to provide land at concession on pay as you earn scheme, raw material on duty, uninterrupted energy and facilities for alternate energy plants installation. He reiterated the need for modern leasing, banking, insurance and logistics facilities with technical and marketing support for the entrepreneurs at the forum.

For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Tel: +92-21-35884225-6
Fax: +92-21-35380642
Cell: +92-300-8245307, +92-321-8245307
Email: unisame@gmail.com

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SMEDA urged to advocate cause of SMEs at 11th Micro and SME Conference at Islamabad on 23rd November

Karachi, November 22, 2017 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) expects the key note speaker, the chief executive officer (CEO) of the Small and Medium Enterprises Development Authority (SMEDA) at the 11th Micro and SME conferen...

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Prime Minister urges to direct FBR to remove anomalies on Behbood and issue notification urgently

Karachi, November 03, 2017 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) appreciated the directions of the Prime Minister (PM) Shahid Khaqan Abbasi to the officials of the finance ministry and the Federal Board of Revenue (FBR) to simpli...

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Union of Small and Medium Enterprises urges Prime Minister for removal of Anomalies in Behbood and extension in return filing date

Karachi, October 27, 2017 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) has invited the attention of the Prime Minister (PM) Shahid Khaqan Abbasi to the income tax burden on pensioners, widows and senior citizens on earnings from Behbood...

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