KARACHI: The Union of Small and Medium Enterprises (Unisame) expressed disappointment at insufficient sector representation in the parliament and sought proper representation of the sector in the assemblies, a statement said. Unisame President Zulfikar Thaver said that unfortunately the country indulges in hero worshipping of its political leaders, while there is also dynasty politics. “Our … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has advised the Small and Medium Enterprises (SME) sector to use the banking channel for all inwards and outwards overseas remittances, a statement said. The Unisame urges the SMEs not to indulge in transactions outside the banking channels despite getting better rates from money exchangers. Unisame … Read more
LAHORE: The Trade Development Authority of Pakistan (TDAP) will organise the first ‘Pakistan Engineering and Healthcare Show 2022’ to be held at Expo Centre in Lahore from February 25 to 27, a statement said. Delegates from 46 countries of Africa and Central Asian Republics (CARs) will participate in the exhibition, in which 21 product categories … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged for setting up a free legal aid committee in the absence of a delayed Small and Medium Enterprises’ (SME) ombudsman, a statement said on Saturday. To enable the SMEs to get free legal assistance for protection of their legal rights, the Unisame urged the … Read more
KARACHI: Meezan Bank became the first and only Islamic bank to disburse Rs1 billion under Prime Minister’s Kamyab Jawan-Youth Entrepreneurship Scheme (PMKJ-YES) for the Small and Medium Enterprises (SMEs), a statement said on Friday. Meezan Bank’s Founding President and Chief Executive Officer Irfan Siddiqui said that the bank, following its vision of establishing Islamic banking … Read more
LAHORE: The rupee depreciation, high input costs and inflation are big challenges. The situation will not improve until or unless the government give due importance to other sectors, Small and Medium Enterprises (SMEs) and cottage industry and check inflation, said Tahir Manzoor Chaudhry, chief executive officer of Lever Group of Companies. The government is only … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the Federal Minister for Industries and Production Khusro Bakhtiar to take the SME sector on board for consultation in the industrial policy formation, a statement said. Unisame President Zulfikar Thaver said that the Small and Medium Enterprises (SMEs) are the back forte of the … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the Special Assistant to Prime Minister on Maritime Affair Mehmood Moulvi to take up the matter of difficulties created by the shipping lines, a statement said. Unisame President Zulfikar Thaver said that the shipping lines are implementing the late Bill of Lading (B/L) pickup charges … Read more
LAHORE : High taxes and unstable exchange rate are the key challenges and the government is focusing only on large-scale manufacturing and that too the textile sector, said Muhammad Ali Afzal, chief executive officer of Afzal Sons. Afzal Sons is a multi-million-dollar enterprise, dealing in imports and supply of industrial equipment, hardware and tools. Afzal … Read more
LAHORE: The government has taken several measures that helped Pakistan in improving its ranking in the Ease of Doing Business. The large-scale manufacturing has improved with the increase in exports but nothing has been done for the Small and Medium Enterprises (SMEs) and cottage industry, said Nasir Hameed Khan, chief executive officer of the Dawn … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the ministry of commerce to facilitate barter trade with Iran as trade ties are re-established between the commerce ministries of both countries, a statement said on Monday. Unisame president Zulfikar Thaver apprised that Iran is ready to buy big quantities of different varieties of … Read more
KARACHI: The Small and Medium Enterprises (SMEs) industries are in turmoil as the gas supply situation is worsening, resulting in production loss, an official said on Monday. The Union of Small and Medium Enterprises (Unisame) president Zulfikar Thaver invited the attention of the government to the worsening of the gas supply situation to the industries, … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has felicitated the government functionaries on framing the Strategic Trade Policy Framework for 2020/25, a statement said on Wednesday. Unisame president Zulfikar Thaver thanked Adviser to the Prime Minister on Commerce Razak Dawood and Commerce secretary Sauleh Faruqui on framing the policy, saying that it reflects … Read more
KARACHI: Meezan Bank Limited, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for Small and Medium Enterprises (SMEs) under the State Bank of Pakistan’s (SBP) SME Asaan Finance Scheme (SAAF), a statement said on Wednesday. The launching ceremony was held at the Multan … Read more
RIYADH: Saudi Arabia was among the top countries in the Middle East and North Africa for new venture capital deals in the third quarter of 2021 with startups raising SR769 million ($205 million) from 91 deals, Arab News reported. It is a 439 per cent hike as compared with the figures of a year ago during which … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin said that revitalisation and strengthening of the Small and Medium Enterprises Development Authority (Smeda) and the SME Bank is essential to achieve the targets of the SME policy. Tarin chaired a meeting on revitalising Smeda at the Finance Division on Thursday. Highlighting the … Read more
KARACHI: Huawei Cloud has announced the launch of ‘Spark’, a new startup ecosystem support programme, aiming at empowering the Small and Medium Enterprises (SMEs) to develop their cloud capabilities, a statement said. This initiative is the first step towards supporting Huawei Cloud partners in line with the recently launched Oasis Programme, where Huawei announced plans … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has expressed dismay over the continuous delay in the approval of the SME Policy, a statement said on Saturday. Unisame president Zulfikar Thaver said that perhaps the real reason is that the Economic Coordination Committee (ECC) does not have funds to implement the Small Medium Enterprises … Read more
KARACHI: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concern over the delay in the approval of “Small and Medium Enterprises Policy 2021” and stressed the need for speeding up the process of approving the new SME Policy after removing its flaws with a view to address … Read more
KARACHI: The exorbitant increase in freight rates and no monitoring of shipping companies are a matter of concern for the Small and Medium Enterprises (SMEs) exporters, an official said. Union of Small and Medium Enterprises (Unisame), president Zulfikar Thaver has voiced concerns over the SME exporters to the exorbitant increase in freight rates and no … Read more
KARACHI: The Trade Development Authority of Pakistan (TDAP) organised a seminar on “Potential of value addition in minerals of Balochistan”, a statement said. The purpose of the seminar was to create awareness regarding the potential of value addition in minerals of the province. The seminar was attended by 126 participants, it added. Shakoor Ahmed, provincial … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has appreciated the recommendations of the Small and Medium Enterprises Authority (Smeda) for allowing export of Khashkhas and jaggery and also thanked the Pakistan Standard Quality Control Authority (PSQCA) for issuing/releasing the standard for both commodities, a statement said on Monday. The Unisame also expressed gratitude … Read more
KARACHI: The business community has suggested the State Bank of Pakistan (SBP) adopt an accommodative monetary policy stance instead of further raising it. In a statement on Saturday, the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) warned the central bank of any aggressive jump in the key policy rate in … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the government to control inflation by keeping a check on profiteering and hoarding by the big investors, a statement said on Tuesday. Unisame president Zufikar Thaver said that the Unisame is badly affected by the snowball effect of inflation and invited the attention of … Read more
LAHORE: Double taxation, high cost of doing business and the lack of infrastructure in the market were big challenges, an official said. Talking to a delegation of the Textile Traders Association of Pakistan, Lahore Chamber of Commerce and Industry president Mian Nauman Kabir said that the resolution of these issues is in the interests of … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has expressed disappointment and surprise at the unnecessary delay in the approval of the SME Policy, a statement said. The SME sector is anxiously waiting for the policy and assurances are being given for the last couple of years that it is on the anvil and … Read more
ISLAMABAD: Women economic and social empowerment is essential for the development of any society and also for sustainable economic development, the Italian envoy said. In Pakistan, women are leading the economic and political arena and there are huge opportunities for women also in the Small and Medium Enterprises (SMEs) sector, Ambassador Andreas Ferrarese told APP, … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday expressed concerns over not taking stakeholders in confidence to discuss the mini-budget, a statement said. FPCCI president Mian Nasser Hyatt Maggo expressed concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into … Read more
