Govt announces Rs5bn fund for small and medium enterprises

By MG News | July 09, 2024 at 03:51 PM GMT+05:00

0:00

July 09, 2024 (MLN): The government has decided to establish a Small and Medium Enterprises Fund with an amount of Rs5 billion, as decided in a meeting of the National Coordination Committee on Small and Medium Enterprises Development.

The meeting was chaired by Minister for Industries and Production Rana Tanveer Hussain in Islamabad today, according to the Information Ministry.

It was further decided to harmonize and uniform taxes at the federal a provincial levels for the SMEs.

Discussions extended further, and the government also authorized the provision of credit facilities to small and medium enterprises for starting businesses.

Another result of the meeting was that land will be allocated to SMEs at industrial estates.

In his remarks, the Minister for Industries and Production emphasized reducing the cost of doing business to enhance investments.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	127,696.15 245.69M	1.65% 2068.83
ALLSHR	79,506.37 701.86M	1.17% 921.65
KSE30	38,876.89 84.17M	1.90% 723.10
KMI30	186,785.75 101.35M	1.03% 1899.26
KMIALLSHR	54,152.67 389.23M	0.72% 388.86
BKTi	32,905.69 39.68M	3.08% 984.01
OGTi	27,889.31 5.77M	0.42% 115.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,590.00	108,105.00 107,040.00	-645.00 -0.60%
BRENT CRUDE	66.73	66.93 66.34	-0.01 -0.02%
RICHARDS BAY COAL MONTHLY	97.00	0.00 0.00	0.20 0.21%
ROTTERDAM COAL MONTHLY	107.65	0.00 0.00	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.07	65.27 64.67	-0.04 -0.06%
SUGAR #11 WORLD	16.14	16.21 16.12	-0.06 -0.37%