New SME policy will catalyse economic activities and strengthen national economy besises providing impetus to educated youths to launch their busi-nesses in addition to generating ample jobs opportu-nities.
This was stated by Chief Executive Officer Pakistan Furniture Council Mian Kashif Ashfaq while talking to a delegation of SME experts led by Has-san Bukhari.
He said new policy will play a key role in trans-forming our export based economy to a dynamic export oriented sector.
He said that it will also encourage youth to produce imported quality products locally in order to dis-courage the ever increasing imports.He said more than one million small manufacturers are working across the country which contributes above 78 percent in growth.
He said these manufacturers have potential to grow further but they are confronted with monetary con-straints.
He said earlier due to unrealistic approach they were denied access to capital which hindered in exploiting their untapped potentials.He lauded the categorisation of the SME sector into low ,medium and high risk industries along with excellent pack-ages of incentives for each segment.
