Microfinance investment company: Traders for boosting pace of work

He said many developed nations are eager to invest heavily in Pakistan to boost the SME sector

ISLAMABAD: Islamabad Chamber of Small Traders (ICST) Patron Shahid Rasheed Butt on Monday lauded the government’s decision to establish Pakistan Microfinance Investment Company (PMIC) which will pave the way for rapid development of the country. Pakistan’s non-banking financial sector is weak, which has stunted development of various sectors, therefore the government has decided to establish a company of international standards to ensure accelerated growth of the SME sector, Butt said. He said the pace of work on the PMIC should be increased so that it can start operations before the announcement of budget to give a new lease of life to the SME sector which is the backbone of the economy. “Many developed nations are eager to invest heavily in Pakistan to boost the SME sector therefore government should finalise all arrangements with them without any delay,” said the ICST patron.

 

Published in The Express Tribune, April 26^th,  2016.

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