President of Pakistan business
and intellectualize form (PBIF) told on Wednesday that total gross domestic
product (GDP) less 40 percent and 30 less 30 percent export, it is a danger sign
for small medium enterprises (SME) . At that time almost 35 percent sme’s
establish in Punjab and only 2 percent establish in Baluchistan. Banking sector
has totally failed to provide the loans and other facilities which are helpful
to promote the industries. In addition to this, inflation rate, tax system, and
shortage of energy resources creating many problems. Due to this reason the
unemployment ratio in Pakistan is going very fast.
In this condition government of Pakistan should announce enough grants and make
a proper planning for sme’s.
Danger Sign for SME
The President of Pakistan Business and Intellectuals Forum (PBIF) told on
Wednesday that the total gross domestic product (GDP) has decreased 40 percent
and exports 30 percent. It is a bad sign for small and medium enterprises (SME)
. Currently, almost 35 percent SMEs are established in Punjab and only 2 percent
in Baluchistan. The banking sector has totally failed to provide loans and other
facilities, which are helpful to promote the industries. In addition to this,
inflation rate, tax system and shortage of energy resources are also creating
many problems. Due to this reason, the unemployment rate in Pakistan is rapidly
increasing.
Keeping in view of this situation, the government of Pakistan should announce
substantial grants and develop proper plans for SMEs.