Tag Archives: UNISAME

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

Union of Small and Medium Enterprises felicitates Imran Khan

Karachi, July 27, 2018 (PPI-OT): Zulfikar Thaver, president of the Union of Small and Medium Enterprises (UNISAME), has felicitated Imran Khan and the Pakistan Tehreek e Insaf (PTI) workers on behalf of himself and the Union for gaining simple majority in the National Assembly and handsome majority in Khyber Pakhtunkhwa and also getting top position in Karachi and near about majority position in Punjab. The SME sector is confident PTI will make efforts for the majority under privileged sector on war footings.

Thaver said having studied the manifesto of PTI and the understanding shown therein of the need for financial inclusion, the uplift of the SME sector, promoting the housing industry also about mortgage financing, building of infrastructure and facilitating trade, commerce and industry is very encouraging and if implemented in letter and spirit it will surely boost the economy. UNISAME has full confidence and trust in the plans of PTI leadership.

However, the country needs to enhance exports to turn around the economy he emphasized and this point needs to be well understood by the new government in waiting. It is now apparent that Asad Umer is the next finance minister (FM) and will be in charge of the economy facing a very challenging situation, the Union chief therefore is very hopeful that the economy will be in the right hands and expects him to take positive steps promptly.

Thaver said to increase exports it is imperative to open non-traditional markets and non-traditional goods besides gearing up existing markets and goods and for this it is very important that national export credit guarantee insurance is required at low premium. This will enable the banks to become comfortable and finance the SMEs exports to third world countries. The banks decline discounting of export bills to third world countries because of low rating of banks in these countries and also sometimes the buyers are also SMEs.

The other important requirements of the sector are financing under ‘Pay as you earn schemes’ , filling of the technological gap, facilitating modernization and strengthening the Small and Medium Enterprises Development Authority (SMEDA) to enable it to outreach the sector and uplift it. The Union chief assured Asad Umer of full support and help in overcoming the impediments.

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

Union of Small and Medium Enterprises felicitates Imran Khan

Karachi, July 27, 2018 (PPI-OT): Zulfikar Thaver, president of the Union of Small and Medium Enterprises (UNISAME), has felicitated Imran Khan and the Pakistan Tehreek e Insaf (PTI) workers on behalf of himself and the Union for gaining simple majority in the National Assembly and handsome majority in Khyber Pakhtunkhwa and also getting top position in Karachi and near about majority position in Punjab. The SME sector is confident PTI will make efforts for the majority under privileged sector on war footings.

Thaver said having studied the manifesto of PTI and the understanding shown therein of the need for financial inclusion, the uplift of the SME sector, promoting the housing industry also about mortgage financing, building of infrastructure and facilitating trade, commerce and industry is very encouraging and if implemented in letter and spirit it will surely boost the economy. UNISAME has full confidence and trust in the plans of PTI leadership.

However, the country needs to enhance exports to turn around the economy he emphasized and this point needs to be well understood by the new government in waiting. It is now apparent that Asad Umer is the next finance minister (FM) and will be in charge of the economy facing a very challenging situation, the Union chief therefore is very hopeful that the economy will be in the right hands and expects him to take positive steps promptly.

Thaver said to increase exports it is imperative to open non-traditional markets and non-traditional goods besides gearing up existing markets and goods and for this it is very important that national export credit guarantee insurance is required at low premium. This will enable the banks to become comfortable and finance the SMEs exports to third world countries. The banks decline discounting of export bills to third world countries because of low rating of banks in these countries and also sometimes the buyers are also SMEs.

The other important requirements of the sector are financing under ‘Pay as you earn schemes’ , filling of the technological gap, facilitating modernization and strengthening the Small and Medium Enterprises Development Authority (SMEDA) to enable it to outreach the sector and uplift it. The Union chief assured Asad Umer of full support and help in overcoming the impediments.

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

Union of Small and Medium Enterprises felicitates Imran Khan

Karachi, July 27, 2018 (PPI-OT): Zulfikar Thaver, president of the Union of Small and Medium Enterprises (UNISAME), has felicitated Imran Khan and the Pakistan Tehreek e Insaf (PTI) workers on behalf of himself and the Union for gaining simple majority in the National Assembly and handsome majority in Khyber Pakhtunkhwa and also getting top position in Karachi and near about majority position in Punjab. The SME sector is confident PTI will make efforts for the majority under privileged sector on war footings.

Thaver said having studied the manifesto of PTI and the understanding shown therein of the need for financial inclusion, the uplift of the SME sector, promoting the housing industry also about mortgage financing, building of infrastructure and facilitating trade, commerce and industry is very encouraging and if implemented in letter and spirit it will surely boost the economy. UNISAME has full confidence and trust in the plans of PTI leadership.

However, the country needs to enhance exports to turn around the economy he emphasized and this point needs to be well understood by the new government in waiting. It is now apparent that Asad Umer is the next finance minister (FM) and will be in charge of the economy facing a very challenging situation, the Union chief therefore is very hopeful that the economy will be in the right hands and expects him to take positive steps promptly.

Thaver said to increase exports it is imperative to open non-traditional markets and non-traditional goods besides gearing up existing markets and goods and for this it is very important that national export credit guarantee insurance is required at low premium. This will enable the banks to become comfortable and finance the SMEs exports to third world countries. The banks decline discounting of export bills to third world countries because of low rating of banks in these countries and also sometimes the buyers are also SMEs.

The other important requirements of the sector are financing under ‘Pay as you earn schemes’ , filling of the technological gap, facilitating modernization and strengthening the Small and Medium Enterprises Development Authority (SMEDA) to enable it to outreach the sector and uplift it. The Union chief assured Asad Umer of full support and help in overcoming the impediments.

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

Union of Small and Medium Enterprises felicitates Imran Khan

Karachi, July 27, 2018 (PPI-OT): Zulfikar Thaver, president of the Union of Small and Medium Enterprises (UNISAME), has felicitated Imran Khan and the Pakistan Tehreek e Insaf (PTI) workers on behalf of himself and the Union for gaining simple majority in the National Assembly and handsome majority in Khyber Pakhtunkhwa and also getting top position in Karachi and near about majority position in Punjab. The SME sector is confident PTI will make efforts for the majority under privileged sector on war footings.

Thaver said having studied the manifesto of PTI and the understanding shown therein of the need for financial inclusion, the uplift of the SME sector, promoting the housing industry also about mortgage financing, building of infrastructure and facilitating trade, commerce and industry is very encouraging and if implemented in letter and spirit it will surely boost the economy. UNISAME has full confidence and trust in the plans of PTI leadership.

However, the country needs to enhance exports to turn around the economy he emphasized and this point needs to be well understood by the new government in waiting. It is now apparent that Asad Umer is the next finance minister (FM) and will be in charge of the economy facing a very challenging situation, the Union chief therefore is very hopeful that the economy will be in the right hands and expects him to take positive steps promptly.

Thaver said to increase exports it is imperative to open non-traditional markets and non-traditional goods besides gearing up existing markets and goods and for this it is very important that national export credit guarantee insurance is required at low premium. This will enable the banks to become comfortable and finance the SMEs exports to third world countries. The banks decline discounting of export bills to third world countries because of low rating of banks in these countries and also sometimes the buyers are also SMEs.

The other important requirements of the sector are financing under ‘Pay as you earn schemes’ , filling of the technological gap, facilitating modernization and strengthening the Small and Medium Enterprises Development Authority (SMEDA) to enable it to outreach the sector and uplift it. The Union chief assured Asad Umer of full support and help in overcoming the impediments.

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

Ministry of Industries and Production constitutes Steering Committee for SME Policy Development

Karachi, July 14, 2018 (PPI-OT): To lift SME’s growth trajectory and to revise the SME policy the Small and Medium Enterprises Development Authority (SMEDA) serving as the secretariat of the Steering Committee for SME Policy development constituted by the Ministry of Industries and Production (MoI and P) has forwarded the notification No. 2 (1) 2014 – ME-1.to the members.

The MoI and P is being provided technical assistance by the USAID’s SME activity project. The terms of reference (ToR) of the Steering Committee (SC) are to developed national SME definition, identify and recommend key areas for legal and regulatory reforms and besides others to address the access to finance issues, ensure sustainable growth and institutionalize SME support system to ensure regular communication between the national, provincial and local governments.

In addition to the above it will developed short, medium and long term action plans and above all finalize the new draft SME policy to be implemented in accordance with the priorities. The minister for industries and production will be the chairman and secretaries of Federal Board of Revenue (FBR) and others included in the SC are the additional secretaries of finance, commerce, planning, science and technology. It has also included the chairman Securities and Exchange Commission of Pakistan (SECP) and deputy governor of State Bank of Pakistan.

From the private sector the presidents of Federation of Chamber of Commerce, Karachi, Lahore, KP, Quetta and the president of the Women Chamber of Commerce. Other private sector representatives on the SC are Zulfikar Thaver president Union of Small and Medium Enterprises (UNISAME), Engineer M.A. Jabbar, Nauman Wazir Khattak and Khawar Anwar Khawaja. Thaver said he is impressed by the clause in the ToR which states the SC will define the role of different stakeholders in SME support, including federal ministers, private sector SMEs and organizations, academia and NGOs adopting a least intervention government approach. He thanked the USAID for their support and technical help.

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