Government urged to Remove Fear of Doing Business : AsiaNet-Pakistan

Government urged to Remove Fear of Doing Business

February 7, 2020 | General Business News | Share:

Karachi, February 07, 2020 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) held a meeting at a private club to get input from its council on the requirements of the sector for onward sharing with the Small and Medium Enterprises Development Authority (SMEDA) and Sindh Economic Zones Management Company (SZEMC), says a Press release. Chaudhry Azhar convener policy and planning welcomed Abdul Azeem Uqaili CEO SEMC, provincial chief SMEDA Mukesh Kumar, Zulfikar Thaver president UNISAME and other participants. Thaver urged CEO SEMC to give top priority to the SME sector and facilitate them as much as possible with best terms.

The CEO explained the salient features of Dhabejji and other zones and the prospects and invited participants to benefit. Thaver highlighted the basic requirements of the sector for affordable finance, uninterrupted energy at affordable cost, raw material and packing material at 0 % duty, technological and marketing support , a strong SMEDA, friendly policies of taxation incentives and subsidies for import substitution industries, balancing, modernisation and replacement and level playing field. Chaudhry Azhar apprehended the impact of coronavirus on trade with China which calls for high alert and readiness and alternate arrangement.

He also lamented that commercial importers are abusing the equal status given to them which is given to manufacturers by importing components and assembling and selling electronic items by underground methods and destroying the bona fide manufacturers’ feasibility. This is malpractice he warned. Shaukat Ali invited the attention that it was not ease of doing business or cost of doing business but the main issue is fear of doing business. In view of this the meeting resolved to urge the government to comprehend this issue seriously and change its outlook, policies and plans to accommodate businesses and treat businessmen as very important contributors to the economic growth of the country.

Sajid Naqvi, Shoaib Shamim, Yousuf Yaqoob, Javed Amersy, Zafar Abbas, Rabi Malik and Raymond Alfrey gave valuable suggestions for training programmes, R and D, improvements in technology, banking, insurance, leasing and other aspects for uplifting the sector on fast track. The participants endorsed the plan of the Federal Board of Revenue (FBR) to broaden the taxnet but did not agree with taxing the filers more and putting heavy burdens on those already paying taxes.

The government has choked the economy by unwise steps and the real estate and housing sector has come to a standstill by hasty steps of the government without proper homework. UNISAME has sought representation on board of directors of SMEDA, PCSIR, SME BANK, NBP, EDB, SEDF and TDAP and recommended names of Chaudhry Azhar, Yousuf Yaqoob and Junaid Naqi to represent the majority sector on the board of stakeholder companies for SME promotion and development.

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


Category: General Business News