Industrial zone should be established for the development of SME sector, Wali Allah.
Karachi (Staff Reporter) Industrial zone should be established for the SME sector, the government should provide all facilities under one roof to the business community for commercial and industrial activities. While talking to a delegation of small traders. He further said that the SME sector is the backbone of any country’s economy, but unfortunately, the SME sector has always been neglected in the country, resulting in unemployment and inflation. Instead of giving incentives to the SME sector in the budget, more burden of taxes was put, the government should show seriousness and announce an incentive package for the promotion of the SME sector so that the country can be taken out of economic difficulties. He said that the importance of the SME sector will increase after the progress reports on China-Pakistan Economic Corridor project, appeal to the federal government to take advantage of the difficulties faced by the SME sector and small businesses to benefit from CPEC. Patronage should be done at the official level so that the country’s economy can progress towards improvement.
