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Daily Times Minister says provision of microcredit will create employment opportunities at local level May 7, 2021 Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link. Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand smal ....
Daily Times PM’s aide Tabish Gohar joins inter-ministerial meeting, chaired by Mohammad Mian Soomro in Islamabad Powerful committee to be set up to resolve issues between ministries, divisions Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser participated via video link. In the meeting, various issues relating to privatisation of the National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu power plants, divestment of shares of Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited were discussed. ....