Islamabad
Federal Minister for Industries and Production, Makhdum Khusro Bakkhyar on Wednesday said the government was taking actionable and challenging steps to develop Small and Medium Enterprises (SMEs), which would grow small and medium enterprises in the country.
The new SME policy would be finalized after extensive consultation with the major stakeholders of the business community, taking into account all the new aspects, he said.
He said this while addressing the meeting with Presidents of different Chambers of Commerce and Industries (CCI) along with Adviser to Commerce and Investment, Abdul Razak Dawood here.
The Minister said according to the Prime Minister’s vision, inclusive economic growth in the country was not possible without growth in the SME sector.
The government was currently focusing on the growth of the SME sector, which would increase business and employment opportunities in the country, he said.
He added that “we have also taken microfinance banks on board to solve the financial problems of the SME sector and for easy loans.
Khusro said now banks would lend to them keeping in view their risk factors, collateral damage and other factors.
While addressing the forum, Adviser Commerce Abdul Razaq Dawood said the government was making positive changes in the new SME policy for the growth of SME sector in the country.
