SME Budget Proposals: SMEDA initiates consultative process

Small medium enterprises stakeholders included in consultation for federal budget 2018-19.

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has initiated a nation-wide consultation process to solicit inputs for federal budget 2018-19 by approaching around 250 small and medium enterprise (SME) stakeholders including SMEs, chambers of commerce & industry, trade associations and sector development companies.

According to Smeda officials, the stakeholders have been asked to send their recommendations by end of this month regarding taxation tariff, regulatory procedures and any other issues that may limit SME progress. The received budget recommendations will be submitted to Ministry of Industries & Production (MoI&P), Ministry of Finance (MoF) and Federal Board of Revenue (FBR) for inclusion in the federal budget 2018-19. Smeda CEO Sher Ayub said that his organisation, being the apex SME development body, serves as a bridge between the SME sector and the government.

Published in The Express Tribune, February 13^th, 2018.

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