UNISAME calls for revision of solar panel import policy to accommodate SMEs

News Image

MG News | August 29, 2023 at 12:51 PM GMT+05:00

0:00

August 29, 2023 (MLN): The Union of Small and Medium Enterprises (UNISAME) on Monday urged the State Bank of Pakistan (SBP), Exchange Policy Department, and Ministries of Commerce, and Finance to revisit the import policy of Solar Panels to accommodate the SME importers and change their narrow-minded policies, according to a statement issued by UNISAME on the same day.

President UNISAME Zulfikar Thaver said that they have asked the policymakers not to discriminate between first-tier and second-tier shippers as SME importers usually import from second-tier shippers and remove all impediments.

“They have also asked for facilities for imports under self-finance,” Thaver added.

Hassan Ibrahim chairman of Solar Pan Importers group pointed out that the country is facing unaffordable electricity charges and protesting and the situation is precarious as it is now beyond tolerance and they are apprehensive that consumers may become violent and become unmanageable.

Ally Abdul Sattar general secretary of Solar Panels Importer's Syndicate said the policymakers must be wise and take positive steps to declare solar panels as essential items and allow imports under the self-finance scheme to enable SME importers to import solar panels from the best source.

He urged to end discrimination against second-tier shippers as SMEs usually have connections with second-tier suppliers who are competitive and prompt shippers.

Hussain Ali, convener of the UNISAME Logistics Committee, said that there is a lot of unrest.

He emphasized that policymakers need to understand that as long as the SME importers are making the commercial banks comfortable by depositing equivalent amounts in Pakistani rupees or US Dollars in foreign currency accounts, or by agreeing to deposit advance payments against export contracts and earning their own dollars to import against export contracts, they must be facilitated.

Unisame Council members said the policymakers must change their mindset and think broad-mindedly to ease the economic and energy crisis accommodate alternate solar energy installations and allow imports of solar panels without impediments.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,672.04
445.22M
0.89%
1498.66
ALLSHR 102,034.89
1,183.13M
0.89%
901.14
KSE30 51,809.61
215.26M
1.15%
591.24
KMI30 244,986.87
146.15M
1.11%
2692.35
KMIALLSHR 66,123.66
456.32M
1.13%
736.83
BKTi 48,171.04
144.41M
1.14%
545.15
OGTi 35,705.20
10.10M
1.47%
516.25
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 78,990.00 79,330.00
78,365.00
975.00
1.25%
BRENT CRUDE 107.30 107.97
106.25
1.97
1.87%
RICHARDS BAY COAL MONTHLY 104.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 103.50 0.00
0.00
-0.30
-0.29%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 96.15 96.68
95.40
1.75
1.85%
SUGAR #11 WORLD 14.10 0.00
0.00
-0.01
-0.07%

Chart of the Day


Latest News
April 26, 2026 at 11:32 PM GMT+05:00

Pakistan eyes $1.2bn IMF tranche approval next month


April 25, 2026 at 04:57 PM GMT+05:00

Weekly Market Roundup


April 25, 2026 at 12:26 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg