Political turmoil hitting export sector hard

August 7, 2014 Off By Web Desk

Karachi: Being badly affected by political turmoil the country is facing protest marches announced by the opposition which may further harm the economy, said Union of Small and Medium Enterprises (UNISAME) President Zulfikar Thaver in a statement here Friday.

He asked top politicians to intervene and resolve the dispute before 14th August, the auspicious independent day of the country, to enable people to celebrate it.

Thaver said the agitations are reflecting badly on the overseas buyers who are unwilling to come to Pakistan to finalize orders for the Christmas and New Year buying which is done in August for September/October shipments.

He said the exporters were unable to accept orders due to exchange rate prevailing in the last few months and gradually the buyers accepted the revised rate and now is the time to recover losses due to fresh orders. Unfortunately instead of encouragement the exporters are being made the victims and they are suffering.

He said political differences need to be resolved politically and not by protests and agitation, causing the exports to suffer and disrupting business. All important ministries are involved in answering charges and allegations whereas important ministries of planning, finance, commerce, industries and production need to remain focused on their agendas. The efficiency of the government has fallen as it is merely concentrating on the ways and means to overcome the situation.

He said it is very painful that the political leaders are not showing maturity and instead of engaging in dialogue are resorting to uncalled for long marches and planning street protest causing irreparable loss to the country in terms of bringing disrepute and losing business.

The SMEs are more perturbed as every single day matters to them in terms of production and sales and in this competitive world orders are secured with great difficulties. Disturbances damage their business and their schedules are disturbed, their overheads increase causing loss of production and increases cost of finance.

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