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Standing Committee on industries & production meets

Islamabad: The Standing Committee on Industries & Production met in Parliament House on Tuesday under the Chairmanship of Syed Ghulam Mustafa Shah, MNA to discuss the various issues pertaining to Ministry and its attached departments.

The Committee unanimously recommended that “The Exports Processing Zones Authority (Amendment) Bill, 2019” (moved by Mr. Amjid Ali Khan, MNA) may be withdrawn.

The Committee highly appreciated the SME Policy, 2021 as it would help to promote the trade culture in Pakistan and would motivate the Pakistani youth to start their business.

The Committee deemed that new SME Policy was the need of the hour as it could help to enhance the economy and would help to reduce the unemployment of the country as well.

The Committee directed that M/o Industries & Production may follow the patterns of our neighboring countries like, Bangladesh to encourage Pakistanis to start their own business at small scale and ease the procedure of loans in collaboration with financial institutions so that maximum people could get benefit from the said policy introduced by the present government. The Committee further directed that Ministry may launch a proper media campaign about SME Policy, 2021 to motivate people especially, living in remote and far-flung areas of Pakistan to bring its benefit at gross root level and to reduce the involvement of middlemen as well.

Earlier, Secretary, M/o Industries & Production briefly apprised the Committee about the efforts made by them to bring benefits of their policies at gross root level by easing the procedural complications for small & medium businessmen and problems faced by them in this regard.