Govt preparing a policy to uplift SMEs: Hammad Azhar

November 26, 2019: Minister for Economic Affairs Hammad Azhar has said the government is preparing a policy to uplift the small and medium enterprises.

Addressing Pakistan Innovative Finance Forum organized by Asian Development Bank in Islamabad on Tuesday, he said the new policy is aimed at addressing the challenges in the way of the growth of the SMEs.

The Minister said the government has also taken many other initiatives to promote the SMEs including the Kamyaab Jawan Programme to provide subsidized loans to the youth.

Hammed Azhar noted that the SMEs are backbone of our economy and they have an important role in exports and the economic growth.

The Federal Minister said government is also giving special emphasis on ease of doing business. He said Pakistan has jumped twenty eight points in the World Bank's Ease of Doing Business Ranking.

This, he said, is a great achievement and expressed the confidence that the country's ranking will further improve next year.

Radio Pakistan