Small Businesses, Big Pay

Meezan Bank Limited and Karandaaz Pakistan have jointly launched the Corporate Vendor and Distributor Finance Program aimed at providing growth capital for small businesses in existing value chains in the country. Through this program, the two organisations will provide Rs. 9 billion to small and mid-sized corporate vendors and distributors on a program based model over the next 5 years. The Bank uses this product for medium and long term financing purposes where the Bank acquires the asset required by the customer and then leases it to the customer for a fixed period. This product is used for the financing of assets such as plant, machinery, generators, equipment etc. In order to achieve these objectives, a policy has been prepared for promotion of SME finance (conventional & Islamic) in Pakistan. SMEDA under its NBDP for SMEs is inviting applicants for a small business grant for early-stage startups.

However, it offers to be a pioneer in your city, and therefore create a mini-monopoly of a specific service. HND in Entrepreneurship and Small Business Management is curated to help you learn about the impact of national culture and economy on entrepreneurship. Furthermore, you will also grasp the distinctive characteristics of entrepreneurs and the effect of personal situational factors, such as education and background. You will also get a chance to learn about the importance and role of small firms to the economy, and about social enterprise and the social economy. The community you live in requires certain facilities not always available in Pakistan in a suitable form.

Cleaning Services

School and stationery items are in high demand, so they guarantee good sales volumes when shops are located at strategic points and have substantial promotion and dissemination strategies. If you intend to build a business portfolio in the oil and gas sector, then you should consider opening your service station. Most gas stations have designated pumps for gasoline, diesel, and kerosene.

But always make sure to put forward your limitations for a food business, as you will need 24 hours full supply of gas, fresh supply of fruits and veggies, utensils, packing boxes and other necessities. So just with the word of mouth or through social media, spread the word that you can cook for 30 or 50 people. Since your investments are limited you cannot set up a restaurant right away, but you can always cook for customers. So if you have got a talent, such as teaching, designing, coaching, then you really can start with zero investment! But make sure that you are consistent in your work and have excellent interpersonal skills because you are your own brand. Beauty parlor, tutoring, tailor, home-based baker, catering services etc all such business are pretty booming too.

KCCI former president M Zubair Motiwala said blocking refunds oppresses small businesses, which continue to face serious cash flow problems. Unisame President Zulfikar Thaver said that imported raw materials need reduction in duties, the technological gap needs to be filled and, logistics needs to be improved and made efficient and affordable. What endears this brand to most to us is the hands-on shoe making process that we witnessed while visiting their head-quarters.

It will also be timely to think about which sectors should be motivated to scale up production and services in the face of this health-related emergency. Hospitals and private clinics operating at micro, small, and medium scale are primary candidates for cut in GST on services and even rationalization in direct tax rates. Firms producing personal protective equipment should also see a relief in taxes. The trade taxes faced by such producers or even hospitals importing from abroad need to be revisited.

Financial Services For Small & Medium Enterprises

That’s why it is included in the list of small business ideas in Pakistan. Electronics and appliances store is another thriving business that can start in Pakistan. If you want to maximize profits in this business, you will be advised to import the products as Pakistan is not known to manufacture electronics and electrical appliances. It is a thriving business, especially if you set up your gas station along the highway that is prone to high vehicle traffic.

In a similar vein, Pakistan has also experienced such a devastating crisis caused by external environmental disasters. Due to the Covid-19 outbreak, Pakistani firms are facing unprecedented adverse effects on their businesses. The Micro, Small and Medium-sized Enterprises are the backbone of any economy that provide income and employment generation to a large number of people. Different policy recommendations were proposed to ease the adverse effects of the outbreak on MSMEs. Although the policy recommendations may not be sufficient to help these enterprises go through the ongoing crisis, these measures will help them weather the storm.

Security Services

It is a short term facility in which the Bank orders the manufacturer/ to manufacturer goods as per the specification of local/ export order. After taking the delivery, these goods are locally sold/ exported by the customer acting as Bank’s agent. Under the Small Business Scheme, UBL is providing loans on easy terms to those who wish to set up their own small-scale business. This scheme is aimed at spreading prosperity in the country by reducing unemployment. This business can easily be started with provision of delivery services for home grocery items. First, let’s make clear, of the difference between small business and big business.

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