Tag Archives: UNISAME

Finance Minister urges to translate Prime Minister’s sincere wishes for SME Sector

Karachi, September 03, 2018 (PPI-OT): The president of the Union of Small and Medium Enterprises (UNISAME) Zulfikar Thaver invited the attention of Asad Umer federal finance minister (FM) to the need for level playing field for the SMEs and urged him to ensure facilities, support and encouragement for the sector on priority basis as identified by prime minister (PM) Imran Khan both before and after being elected PM. UNISAME is awaiting action on the sincere wishes of the PM to uplift the sector.

Speaking on a local television channel today he highlighted the grievances of the sector and complained of step motherly treatment for the SMEs because of lack of support for marketing and technical up gradation. The sector needs access to finance, support for installing alternate energy, marketing support to enter global markets, technical support to upgrade and incentives for innovative industries.

Thaver said Asad Umer by virtue of being the FM has become the chairman of the National Financial Inclusion Strategy (NFIS) which aims at financial access to every segment. The NFIS also has an agenda for capacity building of the SMEs and all stakeholders in SME promotion and development. It is therefore incumbent on the partners of NFIS leadership namely World Bank, State Bank of Pakistan (SBP) and the Ministry of Finance (MoF) to implement the strategy.

The working group of capacity building under the NFIS recommended strengthening of the Small and Medium Enterprises Development Authority (SMEDA) and immediate increase in its size and scope to outreach the SMEs all over Pakistan. It also recommended training in risk management for commercial banks.

UNISAME has submitted road map for working from grass root level. The primary sector which is the source of all raw material needs to modernize. The secondary sector which does the value addition needs to fill the technological gap and the tertiary sector also called the services sector needs to be facilitated.

The SME units need land at concession under ‘pay as you earn schemes’, uninterrupted energy, reduction of duties on raw material, logistics, marketing support from Trade Development Authority of Pakistan (TDAP) and technological support from Engineering Development Board (EDB) and the Pakistan Council of Scientific and Industrial Research (PCSIR).

The training of trainers (ToT) and Centre of Excellence are tools for sharpening the efficiency of institutions serving the sector and this could be managed by the National Institute of Business and Finance (NIBAF). The SMEs have high expectations from the new government and time is the essence as the challenges are many due to global down-slide in global buying and remaining competitive. UNISAME therefore urges the FM to act fast and form a co-ordination committee under NFIS for fast track promotion and integrated efforts of SBP, SMEDA, TDAP, EDB, PCSIR, NIBAF and UNISAME.

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 urges Murad Ali Shah to reopen Chief Minister Investors Advisory Cell

Karachi, August 09, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has invited the attention of Syed Murad Ali Shah Chief Minister (CM) of Sindh in waiting to the requirement of high priority for agriculture, livestock, dairy, poultry and related value addition and urged him to ensure improvements in quantity and quality in every aspect.

President UNISAME Zulfikar Thaver said it is very important that an enabling environment is created and private sector led growth is promoted in agriculture, dairy, livestock and fisheries value chains. For this the private sector is provided with the incentives and is facilitated to meet the challenges.

Thaver regretted that the province of Sindh despite having all the resources has been lethargic in framing agricultural policy for promotion of investment in modernizing farming and related value chains. Nevertheless he suggested the reopening of the CM investors advisory cell (CMIAC) at CM house to promote investment in agriculture, agro based industries, modernization of farms, dairy, livestock and value addition of produce items. Chain stores of fruits, vegetables, flowers, rice, wheat, maize, pulses, flour and honey could be opened to promote agricultural produce items.

Thaver invited the attention of Syed Murad Ali Shah to the upcoming USAID project entitled Sindh Enabling Environment Activity (SEEA) and said UNISAME has been asked to provide information about policy, business and logistic issues facing the sector. He said SEEA is expected to help in improving the enabling environment to promote private sector led growth by identifying and addressing policy constraints that impede efficient operations. He said the proposed CMIC could help the province benefit from SEEA and the involvement of the private sector. He hoped the CM in waiting will act in good time and take this good advise.

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

SMEDA and NBP to facilitate SMEs in Access to Finance

Karachi, August 07, 2018 (PPI-OT): Mukesh Kumar – Provincial Chief Small and Medium Enterprises development Authority (SMEDA) welcomed UNISAME President – Zulfikar Thaver, MD Sindh Enterprises Development Fund – Mehboob ul Haq, Dr. Shehzad Amin, Mr. Mubashir- National Bank and SME representatives to discuss the issues of SMEs and new entrepreneurs in Pakistan in a meeting held at SMEDA Karachi office on August 07.

The meeting highlighted the issues of access to finance, unemployment, support service for SMEs available at different forums, policies for energy, raw material availability, filling of technological gap, marketing support, innovative and value addition guidelines to entrepreneurs, encouragement and motivation to students and capacity building of SMEs.

Mr. Mukesh Kumar appreciated the participants for taking out time to discuss the highlighted issues of SMEs. He briefed about SMEDA, its role to facilitate SMEs through various interventions on macro and micro level as well as the mandate of SMEDA from the government. Zulfikar Thaver informed that UNISAME created awareness, identified the impediments and suggested remedies. It is now deeply concerned about the increasing unemployment in the country and the difficulties faced by SMEs in access to finance. He also stressed the need for insurance at low cost premium.

Mr. Mehboob ul Haq said there is no doubt that various opportunities exist in agriculture in the primary sector as agriculture is the backbone of the economy. Besides he said the agro based industries could carry out value addition. The issues of farming technology and modernization of farms was also discussed. Besides other major crops he stressed on promotion of vegetable cultivation as fruitful for SME farmers.

All the participants were of the view that dissemination of financing schemes by banks should be shared with all stakeholders including, Chamber of Commerce, market associations and with academia, they requested access to finance under affordable rates, franchise finance facilities, pay as you earn schemes, New startups need support and guidance for entering into the retail, food, clothing, shelter and light engineering businesses. Upgradation of existing SME units, installation of alternate energy devices, efficiency in agro processing business, dairy and livestock are the requirements of the sector and NBP must come forward in proactive manner to facilitate the SMEs. It was decided that NBP, SMEDA and SEDF would conduct awareness programs for SME financing products available for various sectors of 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 urges Banks to develop products for SMEs

Karachi, August 01, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) thanked Syed Samar Hasnain executive director State Bank of Pakistan (SBP) and his team for the SME friendly policies and strategic uplift plan for the sector under the NFIS at a meeting held at SBP on 31st July 2018. The role of SBP is remarkable as it has created awareness all over Pakistan and is offering several schemes for the uplift of the sector.

President UNISAME Zulfikar Thaver said the sector needs a strong Small and Medium EnterpriseDevelopment Authority (SMEDA) and it needs to be strengthened and increased in size and scope to outreach the SMEs. He also thanked SMEDA for its efforts and achievement despite very limited resources.

The participants namely senior bankers, officials and directors of SBP, SMEDA and UNISAMEdiscussedthe recommendations of the working groups of ‘Policy, Product and Services Development’ chaired by Javed Iqbal of AlFalah Bankand ‘ SME Finance Capacity Building’ by UNISAME chief. Senior JointDirector Akhtiar Ahmed highlighted the recommendations. Imran Ahmed additional director SBP also added valuable comments having played a very positive role in the recommendations prepared by both the working groups.

The meeting discussed funding mechanism for capacity building of bankers and SMEs, establishment of Centre of Excellence (CoE), tax incentives for SMEs and resource requirements for other key actions.The executive director formed groups of bank executives and SMEDA to be chaired by Nadia Jehangirgeneral manager SMEDA for integrated efforts and to acquaint stakeholders about role of SMEDA.

Thaver urged the banks to developed special products for SMEs such as ‘Pay as you earn schemes’,Merchant accounts for facilitating E-commerce, financing SMES to buy commercial properties on easy repayment terms and setting up of training the trainers centres. He urged the SBP to enhance its risk management education for banks.

He also raised the issue of high landed cost of imported raw material due to depreciation of rupee and the banks demanding 100 % margin on imports. The banks are also not inclined to finance exports to third world countries. State insurance at low premium is required to make banks comfortable he pinpointed.The executive director informed the establishment of Exim Bank and said the process is almost complete and just a matter of time. The matter of SME Bank is also under consideration.

UNISAME also proposed to the SBP to stop further depreciation of rupee through proactive methods.Thaver appreciated the intention of the SBP to entrust the setting up of CoE at National Institute of Banking and Finance (NIBAF) for banks and suggested that the Small and Medium Enterprises Development Authority (SMEDA) be given the task to set up CoE for SMEs separately. The executive director welcomed the suggestion of franchise financing and advised UNISAME and Mukesh Kumar provincial chief SMEDA to submit module for study and adoption on approval.

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 urges Banks to develop products for SMEs

Karachi, August 01, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) thanked Syed Samar Hasnain executive director State Bank of Pakistan (SBP) and his team for the SME friendly policies and strategic uplift plan for the sector under the NFIS at a meeting held at SBP on 31st July 2018. The role of SBP is remarkable as it has created awareness all over Pakistan and is offering several schemes for the uplift of the sector.

President UNISAME Zulfikar Thaver said the sector needs a strong Small and Medium EnterpriseDevelopment Authority (SMEDA) and it needs to be strengthened and increased in size and scope to outreach the SMEs. He also thanked SMEDA for its efforts and achievement despite very limited resources.

The participants namely senior bankers, officials and directors of SBP, SMEDA and UNISAMEdiscussedthe recommendations of the working groups of ‘Policy, Product and Services Development’ chaired by Javed Iqbal of AlFalah Bankand ‘ SME Finance Capacity Building’ by UNISAME chief. Senior JointDirector Akhtiar Ahmed highlighted the recommendations. Imran Ahmed additional director SBP also added valuable comments having played a very positive role in the recommendations prepared by both the working groups.

The meeting discussed funding mechanism for capacity building of bankers and SMEs, establishment of Centre of Excellence (CoE), tax incentives for SMEs and resource requirements for other key actions.The executive director formed groups of bank executives and SMEDA to be chaired by Nadia Jehangirgeneral manager SMEDA for integrated efforts and to acquaint stakeholders about role of SMEDA.

Thaver urged the banks to developed special products for SMEs such as ‘Pay as you earn schemes’,Merchant accounts for facilitating E-commerce, financing SMES to buy commercial properties on easy repayment terms and setting up of training the trainers centres. He urged the SBP to enhance its risk management education for banks.

He also raised the issue of high landed cost of imported raw material due to depreciation of rupee and the banks demanding 100 % margin on imports. The banks are also not inclined to finance exports to third world countries. State insurance at low premium is required to make banks comfortable he pinpointed.The executive director informed the establishment of Exim Bank and said the process is almost complete and just a matter of time. The matter of SME Bank is also under consideration.

UNISAME also proposed to the SBP to stop further depreciation of rupee through proactive methods.Thaver appreciated the intention of the SBP to entrust the setting up of CoE at National Institute of Banking and Finance (NIBAF) for banks and suggested that the Small and Medium Enterprises Development Authority (SMEDA) be given the task to set up CoE for SMEs separately. The executive director welcomed the suggestion of franchise financing and advised UNISAME and Mukesh Kumar provincial chief SMEDA to submit module for study and adoption on approval.

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

State Bank of Pakistan urges to focus on SME sector problems

Karachi, July 30, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) will invite the attention of Syed Samar Hasnain, executive director State Bank of Pakistan (SBP) to the difficulties the SME sector is facing and urge him to take prompt steps to redress the problems of access to finance. President UNISAME Zulfikar Thaver said the executive director of SBP has convened a meeting of the National Financial Inclusion Strategy (NFIS) Technical Committee as its chairman on 31st July 2018 with an agenda to update and discuss the recommendations of the working groups of ‘ Policy, Product and Services Development ‘ and ‘ SME Finance Capacity Building’.

The meeting will also discuss funding mechanism for capacity building of bankers and SMEs, establishment of Centre of Excellence (CoE), tax incentives for SMEs and resource requirements for key actions. Thaver said he will take the opportunity to speak about the need for special products for SMEs, ‘Pay as you earn schemes’, merchant accounts for facilitating e-commerce, financing SMES to buy commercial properties on easy repayment terms and setting up of SME Institute for training.

He will also raise the issue of high landed cost of imported raw material due to depreciation of rupee and the banks demanding 100 % margin on imports. The banks are also not inclined to finance exports to third world countries. State insurance at low premium is required to make banks comfortable he pinpointed.

UNISAME has also urged the SBP to expedite the setting up of Exim Bank and revitalizing the SME Bank. UNISAME has also proposed to the SBP to stop further depreciation of rupee through proactive methods. Whilst the sector appreciates the intention of the SBP to entrust the setting up of CoE at National Institute of Banking and Finance (NIBAF) for banks, it suggest that the Small and Medium Enterprises Development Authority (SMEDA) be given the task to set up CoE for SMEs separately.

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