UBG appeals to the government to announce a relief package to cottage sector , small & medium industry and enterprises which are struggling for their survival.
United Business Group (UBG) has made an appeal to the government to announce relief package of incentives to cottage sector, small and medium industry and entrepreneurs all over Pakistan which are facing severe economic crises due to devastating monsoon rains and floods.
According to the statement issued by the Central spokesman of UBG, Gulzar Feroze, UBG leadership said that the poor masses are badly in need of food and shelter. In initial estimates over more than 30 million people have been badly affected in the last few weeks and a national emergency has been declared. The efforts are being made to assess the gravity and extent of human losses and damage to infrastructure, agriculture, life stocks etc. While people of most of the rural areas of all provinces have been advised to evacuate their living areas which are under threat of floods.
UBG has said the situation is more worsen for the cottage sector and small & medium industry and enterprises due to short gas supply and long power breakdowns. It is worth mentioning that the prices of LPG have gone 35 percent high due to its high demand . The flight operations and train service to and fro most of the parts have been suspended due to which cargo movement has been badly hit.
In view of the current massive drastic situation inflicted by the national calamity the cottage sector and small and medium industry and enterprises may be facilitated by deferred payments of their utility bills of gas, power and water for minimum period of 3 months so that they may survive of these crises.
UBG has also appealed to the government to facilitate cottage and small and medium industry and enterprises with interest free soft loans from SME bank on the recommendations of their trade bodies.
