President, Union of Small and Medium Enterprises (UNISAME) Zulfikar Thaver and member National Committee SMEs (NCSMEs) has called upon the Federal Minister to comprehend the fact that the government needs to focus on the SME sector as the sector is capable of reviving the declining economy and no time should be lost in this endeavor.

He said considering the fact that the large sector has slowed down due to the prevailing conditions and is apprehensive of the increase in fuel prices, wages and cost of production which will hamper their feasibilities and put them out of gear for a certain period till prices stabilize as against this the SME sector is vibrant and has the built-in mechanism to overcome as the SME industries are owner driven.

Explaining the salient features of the sector he said this sector comprises of 96 percent of all enterprises in trading, manufacturing, services and agriculture and is capable of boosting the economy with a little pampering, said a statement issued here Sunday.

He emphasized that this sector needs land at concession, finance at affordable mark up and back up support of leasing, insurance, good logistics and technical support from institutions like the Small and Medium Enterprises Development Authority (SMEDA), Trade Development Authority of Pakistan (TDAP), Pakistan Council of Scientific and Industrial Research (PCSIR), Engineering Development Board (EDB) and other SME promotion and development organizations.