In a recent ceremony held in Islamabad, Prime Minister Imran Khan decided to start a small and medium enterprise policy this year. In a meeting, they discuss the importance of small businesses. However, after getting suggestions from others, they decided to support such a small business by encouraging them to start this small setup. They stated that the government is making efforts to facilitate the SME sector, which he said Ignored previously. Undoubtedly, many issues haven’t been sorted out yet. Still, we try to resolve it by starting from the most significant steps taken under the new policy to facilitate small businesses in taking loans from banks.
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While discussing the pros and cons of SMEs, someone said that the SME sector is the biggest source of employment and has a considerable share in wealth creation. The example of Silicon Valley is the hub of startups and global technology companies in the US. With the help of silicon valley, they give the idea to youngsters to start making their resources. After receiving the positive drawback of SMEs, the government finalized to facilitate the youth and encourage the private sector to make venture capital investments.
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