Federal Minister on Industries and Production, Makhdum Khusro Bakhtyar, chaired a meeting on Small Medium Enterprises Policy this afternoon.
Secretary Industries and Production, along with senior officials of 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 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 the draft of new SME 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 and international market opportunities for SMEs.
He also directed to hold consultation meetings with stakeholders to fast track the process of the new SME policy.