AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged small and medium enterprises (SME) to avail of the export finance scheme (EFS) of the State Bank of Pakistan (SBP) to fulfil their financing needs and ultimately contribute to exports growth.
The call came on Monday from federation Vice President, Hameed Akhtar Chadda, who delivered a speech in a seminar on "export finance scheme and long-term financing facilities for SMEs", and "SME and SSGATE making a new concept of financing and technology transfer for SMEs of Pakistan". The federation and the Forman Christian College organised the seminar.
In his speech, he said, "The developing and developed countries have recognised the importance of small medium enterprises playing an important role in developing the national economy." A speech by the Vice President the South Asian Association for Regional Corporation's Chamber of Commerce and Industry, Iftikhar Ali Malik, underlined the need for training and capacity building activities for stakeholders.
"The socio-economic development is directly linked with the opening of economic avenues, and we can attract local as well as foreign investment by protecting these small medium enterprises in the country." Former regional federation chairman SM Naseer said, "The small medium enterprises are the starting point of development in the economies towards industrialisation as well as a significant effect on the income distribution, tax revenue and employment."

Copyright Business Recorder, 2015

Comments

Comments are closed.