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8th Pakistan SMEs Forum 2014 on 19th in Karachi


KARACHI: The 8th annual Pakistan Small and Medium Enterprises (SMEs) Forum 2014 and conference international will be held on August 19, 2014 at Karachi.
A number of issues challenging by the SME sector in Pakistan will be taken up for discussions for policy interventions. This year’s theme is ‘Bringing SMEs to the forefront of national priorities’.
Several key organisations including State Bank of Pakistan (SBP), commercial banks, Small and Medium Enterprises Development Authority, Business Support Fund of the Ministry of Finance, chambers of commerce and industry, International Finance Corporation World Bank (IFC-WB) and Union of Small and Medium Enterprises will be participating in the Forum which now serves as a benchmark to address issues and pressing needs of the SME sector in Pakistan.
Menin Rodrigues convener of the conference said, “SME conference is now an annual feature and plays an important role highlighting the problems being faced by the SME sector in Pakistan.”
There are 3.2 million economic establishments in the country of which more than 90 percent are SMEs. It employs 75 percent of the non-agricultural workforce and contributes 30 percent towards the national Gross Domestic Products.
The forum is open to all stakeholders to deliberate on matters that are important to support the lifeline of Pakistan’s economy.
Representatives of Union of Small and Medium Enterprises said SMEs remained the biggest stakeholders in Pakistan’s economy and needed the best facilities of environment, finance, infrastructure and regular supply of energy and raw material.
They urged the government and policy makers to make the environment conducive and accelerate efforts to reduce the cost of doing business.
Eminent speakers and representatives of several sub-sectors of the SME sector in Pakistan will be dilating on subjects that range from regulatory inconsistency, difficulties in SMEs access to finance, banking services, taxation, transportation of goods, power and energy issues and security concerns. A special session on women entrepreneurs is also carded in the programme.

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