Business Community calls for Fiscal Discipline, Political Stability - Press Release issued by Union of Small and Medium Enterprises.

Karachi -- March 09, 2023 (PPI-OT)

Following is the text of press release issued by Union of Small and Medium Enterprises (UNISAME)

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The Union of Small and Medium Enterprises (UNISAME) has given suggestions to the government to bring about economic uplift in view of the IMF loan under review and negotiations. UNISAME's president Zulfikar Thaver speaking in a talk show on a television channel said the IMF loan is expected in a couple of days by virtue of the fact that Pakistan has almost completed the requirements of the IMF program satisfactorily despite being tough and burdensome on the masses.

He called for fiscal discipline. He emphasized that imports and exports are like warp and weft of an economy. To export you need to be competitive. Due to depreciation of rupee the exports should have increased but could not due to curb on imports of raw and packing material. The government needs to evolve a system of allowing imports on suppliers' credit or on importers own foreign currency arrangement or on help from overseas donors.

Anver Mian Noor former senior vice chairman Rice Exporters Association of Pakistan (REAP) called for political stability, research and development, promotion and development of farming for growth of economy. Agriculture is the real backbone he emphasized.

UNISAME Council members called for tailoring all expenses, stopping all wastage of food, energy and materials, increasing...