Pakistan Govt. releases first SME policy

Pakistan Federal Minister for Industries and Production Jahangir Tareen has announced the first SME policy under which small business development centres would be established all over the country.

Under this policy, these centres would be established in six cities, including all the four provincial capitals. The share of small manufacturing enterprises has been raised from 5.5 per cent in the SME policy and it is targeted at seven percent. The government will provide Rs.13,128.6 million development funds for the promotion of small industries.