The government has decided to introduce a new programme in the budget for 2005-06 to offer a special funding for the establishment of small- and medium-sized enterprises (SMEs) aimed at creating a sizable job opportunities in the country. The programme is based on the pattern of the US, the EU and Japan. Officials told Dawn that initially Rs3 bn (US$ 50.4m) would be made available from the Public Sector Development Programme (PSDP) of 2005-06 to initiate the programme. Later, more funds will be offered for which negotiations are currently being held with the European Union, the USAID programme and a couple of other bilateral donors. The decision was taken to create the Pakistan Enterprise Competitiveness Support Fund (CSF) in the new budget with the financial assistance of international and bilateral donors.
All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
