KARACHI - The Union of Small and Medium Enterprises held a meeting with the consultants of USAID Pakistan Firms Project to review SME Policy 2007 particularly the benefits of its implemented projects and simultaneously reasons for non-implementation of important projects.

President Unisame welcomed Dr Ernest Koch, Adeel Faheem and Imran Muhammad Khan and apprised them of the good work done by the State Bank of Pakistan (SBP), the Small and Medium Enterprises Development Authority (Smeda) and the Business Support Fund (BSF).

The consultants of USAID questioned the non-implantation of the SME institutions of Export House, Joint Venture Fund, Ombudsman, Credit Guarantee Insurance, Technical Institute and SME Fund. They emphasised the need for these institutions for facilitating the sector.

Consultants asked for the detailed application from Unisame and Smeda for consideration on priority basis. He also pinpointed technological gap and ask for support from the USAID for transfer of technology for the sectors suffering due to the gap.

In response to questions about slow progress, the Unnisame chief suggested private sector heads for SME institutions, strengthening of Smeda, SME Bank and SME Leasing with funds and high caliber professionals especially trained in SME promotion.

He demanded the placement of Smeda directly under the cabinet division and separate ministry for SME promotion as in other countries of the world.

There is urgent need for increasing yield per acre in the farm sector and whilst thanking USAID for help in the fruit sector and requested for help in upgrading the rice, wheat, maize, cotton, vegetables and seeds sectors.