Govt urged to release funds for SMEs
http://pakimportexport.com.pk/articles/15168/1/Govt-urged-to-release-funds-for-SMEs/Page1.html
By Of Pakistan
Published on 12/22/2009
The
Union of Small and Medium Enterprises (UNISAME) has invited the
attention of Federal Finance Minister, Shaukat Tarin, that the amount
of Rs2.5 billion for SME Development Support Fund and Rs2.5 billion for
Venture Capital for Small and Medium Enterprises (SMEs) have not been
released although a period of almost five and a half months have passed
since the announcement of the budget for 2009/10.
President,
UNISAME, Zulfikar Thaver, lamented that SME promotion and development
is suffering due to non-release of funds and he pointed out that SME
promotion and development is crucial to the economy as the sector
comprises of 96 per cent of the total enterprises in the country.