(Karachi P.R. 16th Feb, 2017) Mr. Aamer Ata Bajwa, Senior Vice President, FPCCI while presiding over the workshop on “‘Consultative Workshop for Federal Budget 2017-18” by SMEDA - Small and Medium Enterprise Development Authority at Federation House; emphasized that focus should be on fund enhancing schemes for Small and Medium Enterprises (SME) Sector in terms of expanding the economic activities from the root level in Pakistan. He further suggested that to encourage and support SMEs, SMEDA Provincial chief should lay emphasis on infrastructure services, expert advisory assistance, and access to short and long term funding at reasonable rates.
The team headed by M. A. Jabbar, Director SMEDA gave comprehensive presentation on their activities but also talked about difficulties on pending claims of sales tax, duty drawbacks, income tax and deferred sales tax with no specific incentive package for SMEs.
M. A. Jabbar, Director SMEDA said that in the budget priority should be given to SMEDA and create conducive business environment by cutting down the cost of doing business; reducing direct and indirect taxes; tariff, customs and excise duty; subsidies for export promotion; industrial development incentives; market access and access to finance.
Mr. Mukesh Kumar, Provincial Chief – SMEDA Sindh said that the core objective of SMEDA is to promote and facilitate the SME sector by creating a conducive and favorable environment to enhance its capacities and competitiveness. He further added that new entrepreneurs who wish to establish SMEs can get copy of case studies of different sectors available with SMEDA. Mr. Kumar requested FPCCI leadership to forward suggestions and proposals for the revival of sick industrial units in Sindh.
Mr. Mukesh Kumar, Provincial Chief, SMEDA stated that only Cottage industry is exempted from payment of sales tax and turnover threshold for cottage industry has been raised to Rs. 10 million, to attract new entrepreneurs.
The session was concluded by Mr. Irfan Sarwana, Vice President FPCCI with a note that to attract SME sector there is immediate need to enhance facilities; this will help and encourage new entrepreneurs, who wish to avail the facilities of SMEDA. He added that there must be positive facilitation for the SME’s sector on the bases on international strategic approaches for retaining and maintaining SME sector by encouraging entrepreneurial ventures and practical induction of academic researches.
Maher Alam Khan
Acting Secretary General