The Small and Medium Enterprises Development Authority (SMEDA) has initiated a nation-wide consultation process to solicit inputs for federal budget 2017-18 by approaching around 250 SME stakeholders including SMEs, chambers of commerce & industry, trade associations and sector development companies.
According to SMEDA's spokesman, the stakeholders have been asked to send their recommendations by the end of this month regarding taxation tariff, regulatory procedures and any other issue that may limit SME progress.
The budget recommendations will be submitted to the Ministry of Industries & Production (MoI&P), Ministry of Finance and FBR for incorporation in the budget 2017-18. SMEDA Chief Executive Officer Sher Ayub said that federal budget and trade policy have become the most important policies for reshaping the business environment landscape in instantaneous terms in Pakistan. Therefore, it is now an established fact that jointly these two policies profoundly affect SMEs and their growth pattern, he said.
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