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Home Business & Stock

Govt focused on reviving sick industrial units, promoting SMEs

MM News Staff by MM News Staff
March 3, 2020
Reading Time: 2 mins read
ISLAMABAD: A delegation of prominent bankers of the country called on Prime Minister Imran Khan in Islamabad and discussed a range of issues relating to the banking and financial sector.
Adviser to PM on Finance Dr Abdul Hafeez Shaikh, Adviser to PM on Institutional Reforms Dr Ishrat Hussain, Governor State Bank of Pakistan Syed Reza Baqir and senior officials of the Government were present during the meeting.
The bankers apprised the Prime Minister about the issues concerning banking sector in terms of financing for accelerating the economic activities aimed at wealth creation and presented various suggestions to overcome issues being encountered.
Prime Minister Imran Khan welcomed the proposals of the banking community particularly those related to the revival of the sick industrial units. He stated that the government is working relentlessly for economic growth and sustained positive sentiments, domestically as well as externally.
The prime minister highlighted the human resource potential of the country with enterprising youth in majority. He called on the need to channelise their energies through skill development thereby enabling them to contribute towards economic development.
PM Imran Khan said that the present government is focused on reviving sick industrial units and promoting the Small and Medium Enterprises (SMEs) as they are essential for wealth creation and generation of employment opportunities. The Prime Minister appreciated the proposals of the delegation and assured maximum facilitation.
The meeting was informed that Corporate Restructuring Company has been established to take over sick industrial units for the purpose of reviving commercially or financially distressed companies thereby making them profitable with consultation of all the stakeholders.
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Tags: bankingFinanceimran khanPrime Ministersectorsme
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