Unisame for economic boosters to fight recession

KARACHI - The Union of Small and Medium Enterprises (Unisame) has urged the government to inject economic boosters to fight recession and uplift the economy. President Unisame Zulfikar Thaver has suggested the bonus scheme for exporters entitling them to vouchers against exports for import of raw material, machinery and equipment on reduced concessionary duties under the scheme. Secondly he suggested tax exemptions, land at concession for new industries to give encouragement and incentive to new comers and Pakistani and foreign investors. Thirdly favourable premium plus rate of exchange for exports, home remittances for setting up of industries and investment in schools, hospitals, housing, warehousing and logistics. Unisame experts suggested that the government should establish facilitation centre for foreign and local investors and give free technical advice to new comers. They said the Engineering Development Board (EDB), Pakistan Council of Scientific and Industrial Research (PCSIR), The Small and Medium Enterprises Development Authority (Smeda), Trade Development Authority of Pakistan (TDAP), National Productivity Organisation (NPO) should combine to give feasibilities, related information, engineering and technical support and all facilities necessary for new industries to make it easy for the investors. They emphasised that special attention be given to innovative products, which are not manufactured in Pakistan.

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