SMEDA submits budget proposal
LAHORE:
The Small and Medium Enterprises Development Authority (Smeda) has submitted recommendations for federal budget 2021-22 to seek special attention for SMEs in the upcoming budget.
Smeda Chief Executive Officer Hashim Raza informed that Smeda had conducted a round of consultation with key SME stakeholders to solicit their inputs for developing SME specific policy recommendations/proposals for upcoming budget. He said that SMEs, being the most important sector of economy, require assistance and support to ensure their sustained growth.
Raza said that Smeda has proposed simplification of tax procedures, reduction in number of taxes for SMEs and reduction in corporate tax for small companies as well as restoring final tax regime for SMEs.
EU to help SMEs get GSP Plus benefits
Business
February 18, 2021
LAHORE: The European Union will help local small and medium enterprises (SMEs) to get the maximum benefits from GSP Plus status, a diplomat said on Wednesday.
In a meeting with Small and Medium Enterprises Development Authority (SMEDA) Chief Executive Officer Hashim Raza on Wednesday, EU Ambassador to Pakistan Androulla Kaminara said that the union had provided GSP Plus status under 27 conditions, and Pakistan had already ratified several conditions.
Since 2014, Pakistanâs exports to the EU have increased to a substantial level and it has a bright scope for further enhancement through SMEs.
LAHORE: Small and Medium Enterprises Development Authority Chief Executive Officer Hashim Raza has said that the new SME Policy is ready, but requires suggestions from the private sector, a.