SMEDA AND BOI JOIN HANDS FOR REFORMS

The Financial Daily 12/11/24

The Union of Small and Medium Enterprises (UNISAME) has appreciated the Small and Medium Enterprises Development Authority (SMEDA) on collaboration with the Board of Investment (BOI) for bringing about over 170 regulatory reforms for businesses across Pakistan under the Prime Minister’s Reforms Initiatives (PMRI) and SME Policy 2021 reforms agenda implementation.
President UNISAME Zulfikar Thaver expressed satisfaction on SMEDA and BOI focusing on a much needed comprehensive reform package for key sectors to simplify and enhance regulatory processes.
The targeted segments are , Agri-Input Market which includes tools and strategies for optimization, such as efficiently sourcing high-quality, cost-effective agricultural inputs like pesticides, fertilizers, seeds, and feed.
Secondly the Agri-Food Processing which in Pakistan has a growing food processing industry, with opportunities in frozen foods, value addition in major food crops, and fruit and vegetable processing.
The Value Addition Market sector focuses on adding value to primary products, creating new opportunities for businesses.
Thirdly the Agri-Storage Market needs effective storage solutions which are crucial for maintaining the quality of agricultural products.
Fourthly the Livestock, Crops, Fisheries segments are vital sectors for Pakistan’s economy and food security.
Fifthly, the Pharmaceutical sector has immense potential for growth and innovation.
Finally the Land Transport (Logistics) segment for efficient logistics is essential for the smooth operation of businesses.
The BOI has completed an initial mapping of the required registrations, licenses, certificates, and other permits (RLCOs) for these sectors. Now, they are seeking feedback from private sector stakeholders to ensure the reforms meet their needs.
Thaver said this collaborative approach will help create a more business-friendly environment in Pakistan.
UNISAME has provided contacts to Mukesh Kumar SMEDA provincial chief Sindh of their mentors council to seek their expert advice as they are from related sectors such as crops and commodities, agro based and processing industries who add value to produce items, pharmaceuticals, fisheries and logistics inclusive of storage and collateral management for best advice from experts.

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