Report by Engineering Post
The government in an economy acts as a facilitator to enable and provide a feasible environment for the sorts of businesses to flourish in a smooth manner .
In view of fast tracking industrialization in the country, the federal government is by and large promoting trade, supporting the textile sector and developing the mineral sector and as such plans to undertake different initiatives during the just commenced financial year 2024-25.
Accordingly, the Commerce Division intends to undertake one new project titled ‘ Export Accelerator for SMEs” In terms of Small and Medium Enterprises (SMEs) access to finance, SMEDA will be collaborating with the federal government and commercial banks to establish SME financing helpdesks and an SME Financing Products Database.
This initiative, according to the sources concerned, is aimed at informing the entrepreneurs about available financing options and offering necessary assistance.
Additionally, support is also planned to be extended for enhancing the competitiveness and sustainability of the SMEs through the implementation of a 10-year Cluster -Based Development Plan focusing on five key sectors.
Apart from the Public Sector Development Programme (PSDP) funded projects, Geological Survey of Pakistan (GSP) will also be utilizing its regular budget to design several annual field programs/projects such as mineral investigation, geological mapping. geophysical exploration, and geochemical exploration of precious metals, ground water studies etc. during the financial year 2024-25.
These activities are planned to be undertaken in various regions of the country.
