Experts to be hired for SMEs, PM informed

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LAHORE:

Prime Minister Shehbaz Sharif was informed on Saturday process to get the services of international experts to develop the SMEs sector had been started.

He was presiding over a meeting for promoting the small and medium scale businesses and related to the Small Medium Enterprises Development Authority (SMEDA).

The meeting gave briefing about the Small and Medium Enterprises Development Authority's performance.

The meeting told that the SMEDA board had been formed as per the direction of the prime minister and meeting of its board of directors were being held regularly.

The chief secretaries of Gilgit-Baltistan and Azad Jammu Kashmir had been included in the SMEs sector steering committee.

The State Bank of Pakistan had issued directions to banks to make forms easy and simple for giving loans to SMEs.

The meeting told that the Ministry of Industries and Production had improved liaison with provincial governments for development of SMEs.

The Sindh and Balochistan governments had prepared a comprehensive strategy for SMEs while governments of Punjab, Khyber-Pakhtunkhwa, Gilgit-Baltistan and Azad Jammu Kashmir were making strategies in this regard.

The meeting further told that as per the direction of the prime minister the data of SMEs in the country was being collected.

The prime minister said that small and medium scale businesses were backbone of the country's economy.

He said the government was taking all possible measures to provide facilities to small and big scale businesses.

The prime minister said that all-out efforts were required to make industries of Pakistan a part of global supply chain.

He said the center and all the provinces should work together for development of small and medium enterprises.

The meeting was attended by Federal Minister for Industries and Production Rana Tanveer Hussain and other officers.