Multan Chamber of Commerce and Industry (MCCI) while welcoming the first-ever Small and Medium Enterprise (SME) policy hoped that the initiatives announced in the new policy would be implemented fully in order to make the business environment friendly and hassle-free.
In a statement issued on Friday, MCCI President Anis Ahmed Shaikh said that the government's decision to establish a Credit Guarantee Agency for SMEs with a fund of Rs 3 billion, SME Sub-contracting Exchange, SME Development Institute, SME Export House and SME Promotion Council is a step in the right direction and quite in line with the modern day requirements.
Anis Sheikh said that there is no doubt that all policies are made to bring an economic turnaround, but in most of the cases no proper attention is given towards their implementation.
As a result it is necessary for the government in general and the Ministry for Industries, Production and Special Initiatives to evolve a strategy in consultation with the private sector to bring down the cost of doing business Sheikh also lauded the decision to establish Credit Information Bureau (CIB) where a data-bank would be established.
He said that in the past lack of trade-related information has always been an issue for the business community and it is hoped that the proposed CIB would help the business community to have access to the right business information to give boost to exports. He said that the government should also pay some attention towards the marketing of SME produced goods, which are fast losing global market.
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