Islamabad August 20 2021: Makhdum Khusro Bakhtyar, Federal Minister on Industries and Production directed to hold consultation meetings with stakeholders to fast track the process of new SME policy while chairing a meeting on Small Medium Enterprises Policy here in this afternoon.
Secretary Industries and Production, along with senior officials of Ministry and SMEDA attended the meeting.
The meeting deliberated upon all aspects of new SME policy pertaining to SME promotion and development in the country. The Minister said that enterprises played a vital role in economic development of every country and also served as one of the major drivers of economic change. He noted that 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 draft of new SME policy to improve 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.