{"id":233065,"date":"2021-12-16T08:51:08","date_gmt":"2021-12-16T03:51:08","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=233065"},"modified":"2021-12-16T08:51:08","modified_gmt":"2021-12-16T03:51:08","slug":"govt-approves-smes-policy-to-boost-industrialization","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/govt-approves-smes-policy-to-boost-industrialization\/","title":{"rendered":"Govt approves SMEs policy to boost industrialization"},"content":{"rendered":"<p> Islamabad<br \/>\nPTI-led federal government has approved a comprehensive Small and Medium Enterprises (SME) policy to strengthen the country\u2019s industrial and manufacturing base.<br \/>\nFlanked by Minister for Information and Broadcasting Chaudhary Fawad Hussain, Minister for Industries and Production Khusro Bakhtiar on Wednesday shared details of the policy at a news conference in Islamabad.<br \/>\nThe Minister for Industries and Production said the policy is aimed at extending facilitation and incentives to promote the growth of small and medium enterprises.<br \/>\nUnder the policy, the requirement of NOC for the establishment or expansion of certain industries has been done away with.<br \/>\nKhusro Bakhtiar said that under the SME policy, \u2018Aasan Finance Scheme\u2019 is being introduced to ensure access of capital to the industries. He said loan up to ten million rupees will be provided without any collateral for the establishment of thirty thousand new businesses. He said a land of 4200 acre has been allocated which will be provided to the entrepreneurs on easy installments.<br \/>\nUnder the SME policy, productive businesses will be given fifty seven to eighty three percent special exemptions in taxes. He said special exemption in taxes will be given to women entrepreneurs in order to ensure their greater participation in businesses.<br \/>\nThe Minister for Industries and Production said that an amount of thirty billion rupees has been allocated for Small and Medium Enterprises Authority for a period of five years.<br \/>\nHe said a proper mechanism has also been established for implementation of the SME policy.<br \/>\nIn his remarks, Information Minister Fawad Chaudhry said it is important to strengthen the country\u2019s industrial base to steer it out of economic woes. He said the SME policy has been prepared in consultations with the stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad PTI-led federal government has approved a comprehensive Small and Medium Enterprises (SME) policy to strengthen the country\u2019s industrial and manufacturing base. Flanked by Minister for Information and Broadcasting Chaudhary Fawad Hussain, Minister for Industries and Production Khusro Bakhtiar on Wednesday shared details of the policy at a news conference in Islamabad. The Minister for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":233078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-233065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt approves SMEs policy to boost industrialization<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/govt-approves-smes-policy-to-boost-industrialization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt approves SMEs policy to boost industrialization\" \/>\n<meta property=\"og:description\" content=\"Islamabad PTI-led federal government has approved a comprehensive Small and Medium Enterprises (SME) policy to strengthen the country\u2019s industrial and manufacturing base. Flanked by Minister for Information and Broadcasting Chaudhary Fawad Hussain, Minister for Industries and Production Khusro Bakhtiar on Wednesday shared details of the policy at a news conference in Islamabad. The Minister for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/govt-approves-smes-policy-to-boost-industrialization\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-16T03:51:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2021\/12\/Front-x-1-e1639626575316.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1887\" \/>\n\t<meta property=\"og:image:height\" content=\"951\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta 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