Daily Times
May 22, 2021
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the central bank to ensure provision of Export Refinance Scheme funds to diversified sectors particularly SME and Solar power sectors.
In a statement on Saturday, FPCCI President Mian Nasser Hayat Maggo maintained that economic logic warrants more support to Small and Medium Enterprises (SMEs) and new businesses rather than well-established business groups. He termed it even more critical with clean energy sources like solar; as Pakistan desperately needs more businesses to chip in.
The FPCCI president has noted with concern that Commercial Banks continue to disburse 90% of the funds– coming under export refinance schemes – to only a few chosen business groups. The whole exercise is biased and unfair, he blamed adding that same practice has continued when it came to export refinance for solar plants and equipment. “If this unfair practice continues, how (SMEs)
FPCCI lauds finance minister’s vision for economic growth
National
May 7, 2021
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FCCI) on Thursday lauded the vision of Federal Minister for Finance and Revenue Shaukat Tarin for economic growth and social prosperity in the country.
In an appreciation letter, addressed to Finance Minister Shaukat Tarin, President Federation of Pakistan Chambers of Commerce and Industry Mian Nasser Hayat said that his vision in respect of preferring economic stimulus approach over fiscal consolidation approach in the given challenging situation amid third wave of COVID-19 was highly appreciated. Your address to United Nations Economic and Social Commission for Asia and Pacific (UNESCAP) and testifying before the National Assembly Standing Committee on Finance reflects the approach you are intending to pursue for economic growth he remarked.