Proposal for National Policy on SMEs 2020 presented to PM

ISLAMABAD: The proposed National Policy on Small and Medium Enterprises 2020 was presented to Prime Minister (PM) Imran Khan here on Thursday.

The prime minister, who was chairing a meeting of National Coordination Committee (NCC) for SMEs, was given a detailed briefing on the salient features of the proposed policy aimed at the promotion of the sector across the country.

The meeting was attended by Minister for Industries Muhammad Hammad Azhar, Adviser Dr Ishrat Hussain, federal secretaries and other senior officials. State Bank of Pakistan (SBP) governor and provincial chief secretaries attended the meeting through a video-link.

The premier directed the Minister for Industries Muhammad Hammad Azhar to finalise the roadmap based on timelines for implementation of the proposed SME policy in consultation with provinces at the earliest,  stressing upon the federal departments and provincial governments to pay special attention to the development of SMEs.

he said that the government was committed to extending all possible facilities to SMEs including simplification of rules and regulations, provision of credit, facilitation of tax system and facilitation of business.

He said providing job opportunities to youth, increasing exports and wealth creation was the top priority of the government.

He regretted that the neglect of SMEs during the last 10 years had left a negative impact on the national economy.

“Development of SMEs played a key role in achieving these three targets,” he concluded.

 

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