Tag Archives: UNISAME

CBWG felicitates the IPO for national strategy 2017-20121

Karachi, January 19, 2017 (PPI-OT): The Capacity Building Working Group (CBWG) of the National Financial Inclusion Strategy (NFIS) has felicitated the Intellectual Property Organization (IPO) for completion of draft strategy for 2017-2021 to facilitate the effective creation , development, management …

Capacity Building Working Group stresses on institutional development

Karachi, December 06, 2016 (PPI-OT): The Capacity Building Working Group (CBWG) is focusing on creation of an enabling environment, institutional development, human resource development and strengthening of managerial systems. Zulfikar Thaver chairman CBWG under the National Financial Inclusion Strategy (NFIS), Technical Committee (TC) said the strategy is also looking at community participation and women in particular to include all segments of the society. The primary sector needs the best attention of the policymakers.

Next is the value addition sector followed by the tertiary sector. The CBWG is scheduled for its second meeting on 8th December 2016 at the NFIS secretariat at the State Bank of Pakistan to accelerate the agenda of the NFIS for the betterment of the micro to medium sized sector. The CBWG is aware of the requirements of the sector, the impediments and have recommended measures for the uplift of the sector.

Thaver said on behalf of himself and the SMEs he would invite the attention of the CBWG members to the very important issues of access to finance, lack of expertise in risk management, the absence of dedicated SME bank and branches, the insistence of immovable property as collateral and high bank charges for transactions. Secondly there is need for pay as you earn schemes, land at concession with soft repayment terms and comprehensive insurance cover in all aspects of business.

He emphasized the need for fast track and high impact remedies to uplift the sector which is facing tough times due to global decline in commodities and other items. Other important requirements are technical and marketing support which is the need of the hour. The facilities of online business and E-commerce are the key to SME growth he elaborated.

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

Small and Medium Enterprises capacity building key strategy for access to finance

Karachi, December 04, 2016 (PPI-OT): The National Financial Inclusion Strategy (NFIS) is determined to build capacity of MSMEs, all financial institutions, trade associations and SME facilitators and service providers on fast track basis under a timeline as it considers it crucial to SME promotion and development and financial inclusion of the majority sector. It aims at inclusion of all segments of the society.

The Capacity Building Working Group (CBWG) under the Technical Committee (TC) is scheduled for its second meeting at the NFIS Secretariat, Karachi on the 8th December to be chaired by Zulfikar Thaver president of the Union of Small and Medium Enterprises (UNISAME) to deliberate and discuss implementation of capacity building of SMEs, commercial banks, trade associations, insurance, leasing and logistics companies on fast track basis as approved by NFIS TC.

Thaver said the CBWG has proposed a 12 points programme to the NFIS shared leadership of State Bank of Pakistan (SBP), Ministry of Finance and the World Bank. The CBWG has emphasized on education, encouragement, facilitation, support and motivation to enable the sector meet the global challenges.

The CBWG has recommended to the NFIS to educate the SMEs about the new technologies in production, management, marketing, accounting and inventory control and encourage the SMEs to modernize and make plans for balancing and replacement of their units and arrange transfer of technology.

It is very important to facilitate the SMEs through banking, leasing, insurance as these are the pillars for growth. MSME dedicated banks are needed for access to finance. The CBWG stressed on Islamic banking as it is asset based an ideal for SMEs. The SMEs in order to progress need law and order and protection and need to feel safe.

The infrastructure needs to be improved and since the SME sector is dependent on logistics which encompasses transportation, warehousing and collateral management. The need for promotion and subsidy for alternate energy is being felt due to the energy crisis. There is an urgent need of industrial estates in all the provinces.

The government should adopt a policy of fair taxation and also give tax benefit to innovative industries and new units. The SMEs need their own chamber of commerce and also their own export promotion bureau. The SME Ombudsman is also required to redress the grievances of the sector.

The NPO, EDB, SMEDA, PCSIR, PSQCA and TDAP are all dedicated institutions and working hard for the promotion and development of the SMEs together with the commercial banks but they all need to co-ordinate with one another for integrated efforts. The PSQCA needs to play an important role for fixing bench mark, standards and certifications. Thaver said the CBWG comprises of experts from World Bank, SBP, SECP, SMEDA and Commercial banks and considers himself fortunate to have them on the working group.

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

Expo/seminar for promotion of SME financing on 19th December 2016

Karachi, November 25, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) welcomed and appreciated the State Bank of Pakistan (SBP) for organizing to hold the Expo/Seminar for promotion of SME financing on 19th December at Karachi aimed at creating awareness among SMEs and other stakeholders about banks and DFIs financing facilities for SMEs.

Zulfikar Thaver president UNISAME and chairman Working Group Capacity Building (WGCB) of the Technical Committee (TC) of the National Financial Inclusion Strategy (NFIS) said the seminar will certainly give an opportunity to the various institutions to inform and enlighten the sector about the facilities available for the SMEs and to what extent the banks and DFIs are available and the access to finance which can be enjoyed by the entrepreneurs.

He said it will also be an opportunity for the SMEs to connect with the SME promotion and development institutions and the commercial banks and put forward their expectations and requirements. Many SMEs are not aware of the various facilities available and it is very important that they are informed about the facilities which they can avail.

Thaver said UNISAME will participate along with its committee members and SMEs representatives from rice, spices, commodities, textiles, light engineering goods manufacturers, food stuffs, value addition units and service providers.

The Infrastructure, Housing and SME Finance Department of the SBP has informed UNISAME that the deputy governor SBP Saeed Ahmad will be the chief guest and prominent speakers will make presentations. Banks and DFIs would showcase their products and services beneficial for the SMEs.

The invitation further said that the event will be a good platform for stakeholders to update audience and visitors about their products, services and initiatives for SMEs.

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

UNISAME invites stakeholders for synergies for NFIS

Karachi, November 22, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) chief urged all the stakeholders in the private and public sector to work jointly for synergy to meet the global challenges facing the micro, small to medium sized sector (MSME) and to implement the National Financial Inclusion Strategy (NFIS) in letter and spirit and timely completion.

Zulfikar Thaver chairman Capacity Building Group (CBG) of NFIS Technical Committee (TC) said the NFIS will remain just a document unless the banks both commercial and microfinance, the Trade Development Authority of Pakistan (TDAP), the Small and Medium Enterprises Development Authority (SMEDA), SECP, PCSIR, EDB, NPO and FPCC and I along with all its subordinate chambers of commerce and industry and the affiliated trade associations join in the implementation of the strategy under the shared leadership of State Bank of Pakistan, World Bank and Ministry of Finance.

SMEDA and TDAP have important roles to play in the NFIS as exports have declined and local industry is suffering due to imports of several items which are manufactured in Pakistan and not patronized. The EDB must ensure the revival of the light engineering goods. The PCSIR must gear up to meet the challenges in the pre-cooked and other food items. The NPO must focus on productivity of the sector. The chambers of commerce and industry and trade associations need to cater to the requirements of the sector and refrain from politicizing and socializing. They have important role to play in promoting the lines of trade they represent and arrange for transfer of technology through global chambers and particularly China in view of the CPEC.

The CBG recommended access to finance, technical and marketing support, MSME friendly policies of taxation, duties. Concessional mark up on finance for alternate energy, land in industrial estates and zones on easy repayment facilities, adopting modern concepts of banking, insurance and leasing. Improving logistics and infrastructure.

Each of these institutions has to play its role and focus on the capacity building of the SMEs and examine its role as to how best it can help and support the MSME to modernize and move to the next level and the next within a period of couple of years as envisioned in the NFIS.

Thaver said the NFIS aims to include all segments of society and ensure that no individual, association of persons or company is excluded. It aims at giving financial access to all who have a good business plan and an agenda for income generation and growth.

The NFIS is capable of creating employment, poverty alleviation, self employment, opportunities for youth and by and large the economy of the country.

He said it is expected that the above stated institutions will follow the guidelines and come forward to implement the NFIS to facilitate the MSME to have access to finance, technical, educational, vocational and marketing support to improve their businesses on modern lines.

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

Minister of Commerce urges to facilitate Small and Medium Enterprises with e-commerce portal on priority

Karachi, November 12, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has invited the attention of federal commerce minister Khurram Dastagir to the absence of a national business portal linking the Pakistani exporters to international buyers through internet e-commerce and urged him to direct its setting up on top priority.

Zulfikar Thaver president UNISAME and chairman Capacity Building Group NFIS said one fails to understand that despite of several request to the different ministries of Planning and Reforms, Finance, Industries and Commerce about the urgent requirement, high importance and high impact a B2B portal could make for the exports of the SME sector, no steps have been taken.

He said the SMEs cannot afford to subscribe for the foreign B2B portals who are demanding high fees for the facility of posting the products and services of the SMEs. Thaver said it is the duty of the Trade Development Authority of Pakistan (TDAP) who is collecting Export Development Surcharge (EDS) to facilitate the SMEs and provide them the facility of connectivity and e-presence.

It is very unfortunate that UNISAME has to highlight the importance of the portal and keep reminding the different ministries time and again. This lack of interest and lethargy on the part of the different ministries is damaging the sector.

It is pertinent to note that the Small and Medium Enterprises Development Authority (SMEDA) spent a huge amount of money and made the system but now does not have the funds to implement it. Likewise the TDAP prepared the draft of the project and even formed the steering committee but abandoned it. The TDAP can start right away by joining hands with SMEDA who has it and can provide it to TDAP on turnkey basis if TDAP is prepared to finance its functioning.

Needless to state that the ministry of information and technology has not thought about it and the ministry of planning and reforms has acknowledged that this is an high impact facility which would facilitate the sector but is unable to convince the finance ministry which needs to provide funds for its implementation.

The B2B portal could increase exports of SMEs in textiles, rice and commodities, light engineering, general merchandise and food items substantially. Thaver has appealed to the different ministries to take up the matter in the cabinet as it relates to all of them and it is a matter of concern in view of the declining exports.

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