Securing Small and Medium Enterprises (SMEs) is the administration’s top need, Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Thursday.
Talking at the launch of Secure Transaction Registry in Islamabad, he said the safe registry will economically help SMEs just as grow the small and medium businesses in the nation. He included it will particularly profit little enterprises, which have no moveable property for selling. Hafeez Shaikh said the little projects can contract their moveable properties like machinery.
The registry has been launched in coordinated effort between the State Bank of Pakistan ‘SBP’ and Security Exchange Commission of Pakistan ‘SECP’.
In the meantime, Dr Abdul Hafeez Shaikh likewise led a gathering to offer help and collaboration to SMEs in the wake of the COVID-19 outbreak. Minister for Industries and Production Hammad Azhar, agents of the World Bank, and other government authorities went to the gathering.
The gathering examined a bundle for little enterprises, which are giving work to in any event five and a limit of thirty individuals.
Dr Abdul Hafeez Shaikh said the legislature is set on to help the individuals, who are confronting challenges to meet the expense of their slowed down organizations in tough times.
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