Khusro Bakhtiar chairs meeting on new SMEs Policy

Government of PakistanKhusro Bakhtiar chairs meeting on new SMEs Policy

ISLAMABAD, Pakistan: The Federal Minister on Industries and Production Khusro Bakhtiar presided over a meeting on the new Small Medium Enterprises (SMEs) Policy in Islamabad on Friday.

The Secretary Industries and Production along with Senior Officials of the Ministry and SMEDA attended the meeting.

The meeting deliberated upon all aspects of the new SME policy pertaining to SME promotion and development in the Country.

The minister said that enterprises played a vital role in the economic development of every Country and also served as one of the major drivers of economic change.

Khusro Bakhtiar noted that the SME growth would generate employment, alleviate poverty; thus, fostering development and achieving growth trajectory through positive spillovers on the other sections of the economy.

The minister instructed to outline a draft of a new SMEs policy to improve the regulatory environment, taxation, SME portal development in tandem with access to finance, skills and human resource, infrastructure development, entrepreneurship, innovation and incubation, business development services, and local & international market opportunities for SMEs.

The federal minister also directed to hold consultation meetings with stakeholders to fast track the process of the new SMEs policy.

Must read

Recent News

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement