The government is announcing a program for helping Small Medium Enterprises due to the COVID-19 situation in Pakistan.
Abdul Razak Dawood who is an advisor to the prime minister on commerce and investment said that they are finalizing schemes to support small-medium enterprises in Pakistan.
While talking to the media person he said, this program is devised to help small businesses as compared to larger ones because of their weaker financial position. He said the government was committed to resolves all the major issues of small businesses to provide them a better business environment in the current challenging situation of the COVID-19 pandemic.
While talking to media person, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Qaiser Khan Daudzai has appreciated the initiative taken by the government in order to help the SMEs in the current challenging situation of coronavirus pandemic.
He also welcomed the statement of Advisor to the PM on Commerce and Investment Abdul Razzaq Dawood, to give a supportive edge to the SME sector.
He focused on the need for more activities for offering help to SMEs and to shield their business enthusiasm for terms of their essential installments to concerned Vendors, Utilities, Rental, and Wages.
He additionally stressed for straightforward exchange of open assets to SMEs division which was confronting extreme liquidity issue especially in the present situation of Lockdown due to the COVID-19 pandemic.
Qaisar Khan worried about declaring a separate bailout bundle for SMEs division remembering freezing their installment against markup for credits.
He communicated that the slow opening of all SMEs, retail shops will additionally help the business and monetary exercises which will bring the economy in the groove again. The means taken by the legislature will prompt recovery of the economy in this basic condition, he commented.
He hailed the choice of Prime Minister Imran Khan to open fare arranged industry and especially the development and unified Industry which would assist with defeating financial emergencies due to COVID-19 lockdown situation