Local schemes needed for SMEs

Business leaders said fostering Pakistan-based financing schemes can promote both small and medium-sized enterprises (SMEs) and local products, stressing that the government should provide loans for infrastructure and raw materials of economic establishments rather than wasting time and funds on training and capacity building. Talking to The Express Tribune on Monday, they shared their views while reacting to a programme titled "National Roadmap for Transition of Informal Businesses Towards Business Formalisation" recently launched by the Small and Medium Enterprises Development Authority (SMEDA) in collaboration with the International Labour Organisation (ILO), aimed at formalising the SME sector.