Shura Council recommends extending government economic packages

Shura Council recommends extending government economic packages

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
COVID-19 Banner
By imran01• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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• 2 months 3 weeks 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

GCO launches interactive COVID-19 measures guide for travelers coming to Qatar

GCO launches interactive COVID-19 measures guide for travelers coming to Qatar

Qatar’s Government Communications Office (GCO) has launched an interactive COVID-19 travel measures guide for people planning to travel to Qatar.
Witness Qatar’s journey in the Tokyo 2020 Olympic Games

Witness Qatar’s journey in the Tokyo 2020 Olympic Games

An event of high significance for Olympic game lovers, you will soon be able to witness 15 Qatari athletes representing Qatar who will be competing across seven sports categories.
Ashghal announces temporary closure of Corniche Street

Ashghal announces temporary closure of Corniche Street

The four-day closure will go into effect from 12 am on Friday, August 6 until 5 am on Tuesday, August 10, 2021.
Simple steps to lose weight healthily – Part 1

Simple steps to lose weight healthily – Part 1

Reaching your ideal and healthy weight only requires a few simple alterations in your lifestyle including increasing the quality of the food you usually consume.
WATCH: QL Fitness | Episode 1 | Intro to Bodyweight Training

WATCH: QL Fitness | Episode 1 | Intro to Bodyweight Training

Episode 1 of Qatar Living Fitness on bodyweight training
WATCH: Mohamed Al Rumaihi, Tala Abujbara named Team Qatar's flagbearers for Olympic Games opening ceremony

WATCH: Mohamed Al Rumaihi, Tala Abujbara named Team Qatar's flagbearers for Olympic Games opening ceremony

Qatar Olympic Committee (QOC) has announced that Mohamed Al Rumaihi and Tala Abujbara will be Team Qatar's flagbearers in the Olympic Games opening ceremony today.
WATCH:Quest, Qatar’s largest indoor theme park to open July 1

WATCH:Quest, Qatar’s largest indoor theme park to open July 1

Featuring over 30 rides and attractions, including the world-famous restaurant Planet Hollywood, Quest will soon open its doors on July 1, 2021.
WATCH:Fresh Local Dates Festival 2021 to feature over 80 farms

WATCH:Fresh Local Dates Festival 2021 to feature over 80 farms

Starting today from 4 pm at Souq Waqif, the Fresh Local Dates Festival will witness the participation of over 80 local farms and end on July 30, 2021.