{"id":69233,"date":"2020-08-14T10:00:00","date_gmt":"2020-08-14T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69233"},"modified":"2020-08-13T12:26:03","modified_gmt":"2020-08-13T07:26:03","slug":"govt-ncc-smes-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-ncc-smes-development.html","title":{"rendered":"Govt constitutes NCC on SME development"},"content":{"rendered":"\n<p>Islamabad: The government has constituted a National Coordination Committee (NCC) regarding the development of Small and Medium Enterprises (SMEs), according to a news source published on August 13. The Federal Minister for Industries and Production Hammad Azhar has been tasked with heading this committee, which aims to promote the growth of SMEs in the country.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/smeda-introduces-knowledge-sharing-programme-for-development-of-smes.html\" target=\"_blank\" rel=\"noreferrer noopener\">SMEDA introduces \u2018Knowledge Sharing Programme\u2019 for development of SMEs<\/a><\/p>\n\n\n\n<p>The Prime Minister Secretariat released a notification in this regard on Wednesday, revealing that this NCC consists of 14 members. The notification further revealed that Prime Minister (PM) Imran Khan had ordered the NCC to review and finalize a draft of the <a href=\"https:\/\/www.zameen.com\/news\/sbp-resolve-smes-issues-refinancing-facilities-governor.html\" target=\"_blank\" rel=\"noreferrer noopener\">SME<\/a> policy within two weeks. The Ministry of Industries and Production is expected to provide secretarial support to this committee.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/need-for-improved-measures-to-support-smes-stressed.html\" target=\"_blank\" rel=\"noreferrer noopener\">Need for improved measures to support SMEs stressed<\/a><\/p>\n\n\n\n<p>In addition, Hammad Azhar will provide the PM with weekly updates about the impediments in the policy, recommendations for its improvement, as well as the effectiveness of its implementation. Furthermore, the NCC chair has been given leeway to appoint anyone from the public or private sector, if necessary. This committee will facilitate SME development by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Creating fiscal and monetary incentives for SME growth<\/li><li>Suggest measures to address the issues faced by the sector<\/li><li>Propose legislative and regulatory amendments to increase ease of doing business for SMEs<\/li><li>Develop a mechanism to ensure coherent implementation of these measures<\/li><li>Set deliverables targets for implementing all measures, within preset timelines<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government has constituted a National Coordination Committee (NCC) regarding the development of Small and Medium Enterprises (SMEs), according to a news source published on August 13. The Federal Minister for Industries and Production Hammad Azhar has been tasked with heading this committee, which aims to promote the growth of SMEs in the country. Read: SMEDA introduces \u2018Knowledge Sharing Programme\u2019 for development of SMEs The Prime Minister Secretariat released a notification in this regard on Wednesday, revealing that this NCC consists of 14 members. The notification further revealed that Prime Minister (PM) Imran Khan had ordered the NCC to review and finalize a draft of the SME policy within two weeks. The Ministry of Industries and Production is expected to provide secretarial support to this committee. Read: Need for improved measures to support SMEs stressed In addition, Hammad Azhar will provide the PM with weekly updates about the impediments in the policy, recommendations for its improvement, as well as the effectiveness of its implementation. Furthermore, the NCC chair has been given leeway to appoint anyone from the public or private sector, if necessary. This committee will facilitate SME development by: Creating fiscal and monetary incentives for SME growth Suggest&hellip;<\/p>\n","protected":false},"author":58,"featured_media":68886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[36910,14404],"persona":[],"class_list":{"0":"post-69233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-ncc","9":"tag-smes","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt forms NCC for development of SMEs - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government has formed a National Coordination Comittee (NCC) for the development of Small and Medium Enterprises (SMEs).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-ncc-smes-development.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt forms NCC for development of SMEs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government has formed a National Coordination Comittee (NCC) for the development of Small and Medium Enterprises (SMEs).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-ncc-smes-development.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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