ISLAMABAD (Dunya News) - Prime Minister Imran Khan chaired a meeting of the economic team in Islamabad on Friday.
The meeting discussed in detail the measures taken for the development of small and medium-sized enterprises, the promotion of the construction sector, the progress of the Government's flagship program on poverty reduction in Ehsaas and the measures taken by various ministries for Development of the economy.
The Governor of the State Bank of Pakistan detailed the measures taken by the central bank to promote small and medium-sized enterprises.
The Prime Minister was informed that 90% of SMEs are involved in domestic business and that the regulatory framework for small industries has been further simplified.
Dr. Sania Nishtar, chairman of the Ehsas program, also informed the meeting of several public welfare regimes under the Ehsaas program, including scholarships for students, health centers, technical education, legal assistance , a rationing scheme, the kifalat program, nutrition, financial aid to education and Sehat Insaaf program.
Speaking on the occasion, Prime Minister Imran Khan said that the promotion of small and medium enterprises, the development of agriculture and the provision of all facilities to the construction sector was one of the main priorities of the Government .
He said focusing on these sectors would not only accelerate the economic process, but also create employment opportunities in the country.
Imran Khan, accepting the proposal to impose a fixed tax on the construction industry and to declare it as an industry, ordered the relevant departments to deliberate on this matter and submit a report thereon.
The Prime Minister also ordered the Trade Advisor to further activate SMEDA to improve coordination between federal and provincial ministries and remove barriers to SME development.
He also thanked Dr. Sania Nishtar, Chair of the Ehsaas Program, for the efforts for social development and poverty reduction.