Shura Council recommends extending government economic packages

Shura Council recommends extending government economic packages

QLNews
By QLNews

The Shura Council yesterday recommended continuing the government economic packages program for the private sector in light of the ongoing COVID-19 pandemic and its economic impact.

At its regular meeting Monday, chaired by His Excellency the Deputy Speaker Mohammed bin Abdullah Al Sulaiti, via video conferencing, the council reviewed the report of the Financial and Economic Affairs Committee on the current situation of small and medium enterprises (SMEs) benefitting from the government’s economic incentives program during the pandemic.

In March 2020, among several noteworthy initiatives introduced by Qatar to ease the impact of the COVID-19 pandemic, a support package of financial and economic incentives worth QR 75 billion had been developed for the private sector following the directives of His Highness the Amir Sheikh Tamim bin Hamad Al Thani.

At the start of the Shura Council session yesterday, the members lauded HH the Amir’s continuous support for the private sector through these economic packages.

The first package launched in 2020 at the start of the COVID-19 situation, played a significant role in diminishing the effects of the pandemic on the private sector. This was in addition to certain rent and payment exemptions that companies were able to benefit from for six months.

With the pandemic lasting for a longer period and the economic impact to continue, the Council recommended continuing the financial incentives for the SMEs to help them deal with the situation.

The Council also called for encouraging government and semi-government agencies and banks to launch initiatives for the private sector during the pandemic period.

The Council highlighted that this can be done specifically by easing procedures for obtaining the benefits of the approved subsidy from economic packages directly, expanding the circle of beneficiaries of the economic packages and government support to include various economic activities such as productive farms and similar economic sectors, finding an appropriate mechanism to support the committee tasked with evaluating and tackling obstacles facing the private sector at the Ministry of Commerce and Industry, and urging the ministry to accelerate the implementation of support programs.

Visit our Ramadan Page for more useful information about the Holy Month!

--

Make sure to check out our social media to keep track of the latest content.

Instagram - @qatarliving

Twitter - @qatarliving

Facebook - Qatar Living

YouTube qatarlivingofficial

Cover Image Credit and Source: QNA
By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

By imran01• 1 year 9 months ago.
imran01

we dont want any pakage.only asked to the house and shops owner to reduce the rent.im paying 18000 per month in this lockdown..and same in the previous lockdown 2020.

Log in or register to post comments

More from Qatar Living

Don’t miss these top (new) destinations to visit in Qatar after the World Cup

Don’t miss these top (new) destinations to visit in Qatar after the World Cup

While many places that opened exclusively for the world championship are now closed or closing, there is no shortage of new places for you to check out now that the World Cup is over. Apart from several new destinations, Qatar’s usual hangout spots have also amped up their offerings. Here’s a list of places definitely worth visiting again now that the World Cup is over.
Have you tried these hot chocolate spots in Qatar?

Have you tried these hot chocolate spots in Qatar?

We’ve listed out some favorite hot chocolate spots in Qatar along with some new suggestions for some truly unique ones.
Explore Qatar's new play areas for children

Explore Qatar's new play areas for children

From playgrounds to water parks and experiential learning zones, there is no shortage of new play areas for children in Qatar. Have an exciting to start to the New Year by taking your little ones to one of these play areas.
Qatar’s exciting line-up of events for 2023

Qatar’s exciting line-up of events for 2023

Carrying on the excitement of the World Cup from last year, Qatar has taken the initiative to host a series of local and global events for everyone. From a colorful balloon festival to a thrilling F1 Sprint race, here is a list of exciting events you can look forward to in 2023.
All you need to know about Qatar Balloon Festival 2023

All you need to know about Qatar Balloon Festival 2023

The third edition of the Qatar Balloon Festival returns this year with a variety of events and activities for everyone. Here’s all you need to know about the Qatar Balloon Festival 2023.
Top Qatar sporting events to see in January 2023

Top Qatar sporting events to see in January 2023

The QOC has released the schedule of sporting events including 81 events for the entire year of 2023. January looks promising with a line-up of eight such tournaments in Qatar.
 Cruise season gathers steam as Artania docks at Doha Port

Cruise season gathers steam as Artania docks at Doha Port

The 2022-23 cruise season is slowly gathering pace, with Artania — a luxury vessel with more than 1,000 passengers onboard — docking at the Doha Port on Saturday.
Doha cements its place as one of world’s top cities to live and work in

Doha cements its place as one of world’s top cities to live and work in

Qatar’s transformational journey was acknowledged yet again when Doha was chosen as the 27th best city in the world to live, work, visit and invest in.