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Union of Small and Medium Enterprises demand implementation of small and medium enterprises policy at SME forum

Karachi, August 21, 2014 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) delegation attending the 8th Pakistan SME Forum convened by Shamrock Conferences on 19th August 2014 at a local hotel urged the government to implement the SME policy approved by the parlaiment.

President UNISAME Zulfikar Thaver on behalf of the union urged the planning ministry to take remedial measures for rapid fast track promotion and development of the sector.

He submitted that conducive environment is the need of the hour and protection squads must be installed in all industrial areas and crime should be controlled scientifically.

Since there is energy crisis the government must promote alternate energy wholeheartedly and exempt alternate energy system from duties and taxes. The SMEs must be provided finance on subsidized rates for setting up energy generation systems of bio mass and solar energy panels.

It is very important that the banks are made comfortable in financing the SMEs and for this there is urgent need for credit guarantee. The banks also need to be educated in risk management and SME financing. He stressed the need for warehouse receipt financing, commercial property leasing and bridge financing for SMEs.

Banking, Insurance, Leasing and Logistics are the pillars of an economy and it is very necessary that they are made efficient and modern concepts are adopted.

Industrial estates and special economic zones need to be established in all the provinces and land be given to SMEs on concession and soft payment terms.

The SMEs require their own chamber of commerce and an export house. UNISAME members urged for co-ordination between SME promotion institutions namely SMEDA, NPO, PCSIR, EDB and TDAP for integrated efforts.

Salman Merchant convener of e-Commerce UNISAME demanded the setting up of e-Commerce regulatory authority (ERA) and full fledged promotion of e-Commerce for the benefit of the sector.
The UNISAME delegation comprised of Altaf Ashruff, Abid Burney, Irfan Bandukda, Yasin Thaver, Raza Khandwalla, Farukh Salim Fazal Karim. Anjum Hassan, Asgharali and Waqas Ansari who urged the government to give priority to the SME sector and also the housing industry.

For more information, Contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Phones: + 92 35884225 and 6
Cell: + 92 300 8245307 and + 92 321 8245307
Fax: + 92 35380642

The post Union of Small and Medium Enterprises demand implementation of small and medium enterprises policy at SME forum appeared first on Business News Pakistan.

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