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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.
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