ISLAMABAD: The Economic Coordination Committee (ECC) has directed the Ministry of Industries and Production to submit the Small & Medium Enterprises (SMEs) Policy 2021-25 policy to the federal cabinet after developing a consensus of stakeholders. The meeting was informed that eight meetings of the National Coordination Committee on SMEs were held wherein broad policy goals were translated into specific action plans. The SME policy document focuses on SME definition and application, macro policy and regulatory environment, SMEs access to finance, institutional strengthening of SMEDA, infrastructure, entrepreneurship, business development, women entrepreneurship and creation of e-inspection. The ECC directed the ministry to discuss the observations raised by relevant stakeholders under the chairmanship of Shaukat Tarin. The committee directed for installation of double meters for verification of reading by K. Electric and LESCO, adding that subsidy claims may be processed on the basis of difference of readings.

Source: Pakistan Today December 10, 2021 19:46 UTC