Pakistan Import Export - http://pakimportexport.com.pk
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.