Driving The Economy: Business group urges support for SMEs
He said uninterrupted flow of finances is important for survival and expansion of the SME sector
KARACHI:
The United Business Group (UBG) of the Federation of Pakistan Chamber of Commerce and Industry said the economy cannot excel unless Small and Medium Enterprises (SMEs) are supported at a policy level and given preference in provision of credit. Uninterrupted flow of finances is important for survival and expansion of the SME sector without which the economy cannot be revived, it said in a statement. The role of microfinance banks remains crucial to ensure unobstructed flow of financial resources to the SME sector which is the engine of economic growth of the country, said Abdul Rauf Alam, presidential candidate of FPCCI. Speaking to the business community, he said the current level of finance and access of SMEs to the banking services remains unsatisfactory which calls for serious initiatives.
Published in The Express Tribune, December 4th, 2015.
The United Business Group (UBG) of the Federation of Pakistan Chamber of Commerce and Industry said the economy cannot excel unless Small and Medium Enterprises (SMEs) are supported at a policy level and given preference in provision of credit. Uninterrupted flow of finances is important for survival and expansion of the SME sector without which the economy cannot be revived, it said in a statement. The role of microfinance banks remains crucial to ensure unobstructed flow of financial resources to the SME sector which is the engine of economic growth of the country, said Abdul Rauf Alam, presidential candidate of FPCCI. Speaking to the business community, he said the current level of finance and access of SMEs to the banking services remains unsatisfactory which calls for serious initiatives.
Published in The Express Tribune, December 4th, 2015.