KARACHI - Union of Small and Medium Enterprises (UNISAME) President Zulfikar Thaver has said the decision to privatise the SME Bank is a wrong step because the commercial banks are financing the medium sector but not the small enterprises and the SME Bank can be revamped to play an important role for the small entrepreneurs and SME farmers. He said in other countries there are financial institutions for the SMEs supported by the consortium of banks and the SMEs are financed through them on affordable mark up but in Pakistan the commercial banks and even the micro finance banks are charging high mark up making it difficult for SMEs to expand their business. He called upon the government not to privatize the SME Bank and in fact increase its capital to enable it to meet the requirements of the sector successfully. He added that the SME Leasing Ltd is a subsidiary of the SME Bank and  it would be affected due to privatization of the SME Bank and it would prove a setback for the SMEs who are enjoying leasing facilities from it. The Union desires that the SMEs must be facilitated by the government for their financial requirements regarding running finance, bridge finance, project finance and be given financial limits for imports of raw material and export finance for discounting of export bills and leasing facilities for plant, machinery and vehicles.