The federal government has announced Small and Medium Enterprise (SME) policy 2021-25 that would allow small businesses to borrow up to Rs10 million under the Assan Finance Schemes without pledging their assets as collateral. The government has also announced new turnover tax rates for small and medium-sized businesses in the country. The policy was announced by Federal Industries Minister Khusro Bakhtiar who was joined at the press conference by Federal Information Minister Fawad Chauhdry. Bakhtiar said that loans up to Rs10 million will be provided without any collateral for the establishment of 30,000 new businesses. He said 78% of the jobs are in the SME sector, but .
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