Balochistan Approves first SME Development Policy

Balochistan Chief Minister, Mir Abdul Qudoos Bizenjo has sanctioned the inaugural SME development policy in the province, with the aim of encouraging small businesses and facilitating investment opportunities.

The provincial industry and commerce department had prepared the policy to boost investment in small businesses and sent a summary to the chief minister for approval.

After the National SME Policy, 2021, a provincial SME working group, headed by the chief secretary, was formed to facilitate business development and provide a conducive environment for the SMEs to grow.

The working group will also oversee the implementation of the SME policy, divided into short- and medium- and long-term action plans.

In its meeting on Dec 5, 2022, the working group discussed the technical aspects of the strategy and the establishment of an implementation management structure. The strategy will now be presented in the next cabinet meeting for approval.

Separately, the chief minister expressed his grief over Saturday night’s tragic road accident near the Wadh area of Khuzdar district in which six trainee policemen lost their lives. They were going to Hub when their car collided with a truck on the Quetta-Karachi highway.

Courtesy Dawn News