Industrial development core priority of govt, Khusro.

ISLAMABAD -- Makhdum Khusro Bakhtyar, Federal Minister for Industries and Production, on Wednesday said that industrial development is a core priority of the incumbent government with prime focus on promoting SMEs particularly.

He made these remarks while chairing a consultative meeting with SME stakeholders Wednesday afternoon. Jawwad Raffique Malik, Secretary Industries and Production, along with senior officials of Ministry and Hashim Raza, CEO SMEDA, attended the meeting.

The meeting comprehensively ventilated questions, concerns and recommendations from stakeholders ahead of the government's National SME policy. The chair was told that the national SME policy would encompass financial incentives (enhancing SMEs access to collateral-free lending); fiscal incentives (simplified taxation regime for SMEs); and Guillotine regulatory simplification for SMEs countrywide.

While chairing the meeting, the minister said that industrial development is a core priority of the incumbent government with prime focus on promoting SMEs particularly export-oriented enterprises of the country.

The minister highlighted that our government is promoting the diversification and modernizing of its industrial base through the use of...