KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged the prime minister to ensure fast-track promotion of the sector under his personal supervision, as it is a tool for poverty alleviation and it can best be achieved with self-employment, a statement said on Monday.
UNISAME President Zulfikar Thaver in a message to the prime minister stressed the need for stimulation of the sector by prompt remedial measures to save SMEs who have received a setback due to fast devaluation of the rupee and resultant inflation.
The union has invited the attention of the prime minister to the requirements of the sector to cope up with the challenging situation and to take measures to promote, encourage, facilitate, motivate and upgrade the SME sector, the statement said.
Thaver said that since the SME sector is the majority sector, which is vibrant, backbone of the economy, the engine of growth and the vehicle for poverty alleviation and best for creating employment it deserves the best attention of the government. The SMEs contribute 30 percent to exports and most of them are involved in value addition and they contribute 35 percent to GDP and offer employment to around 40 percent of the labour force.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
