Section 4: Powers and functions of the Authority

4. Powers and functions of the Authority.—(1) The Authority shall have all such powers as may be necessary to perform its duties and functions under this Ordinance. (2) Without prejudice to the generality of the foregoing provision, the Authority shall exercise and perform the following powers and functions, namely:— (a) to facilitate on policy-making and to provide overall planning, programming, research and evaluation of matters relating to S.M.E.s in Pakistan; (b) to identify research parameters and priorities and broad thrusts; (c) to conduct professional overall monitoring and external evaluation of S.M.E.s; (d) to advise the Federal Government for allocation of funds to identify research and planning priorities; (e) to initiate, take, continue, implement and perform any and all activities for encouraging and facilitating the growth and development of S.M.E.s'; (f) to protect the interests of S.M.E.s in accordance with the provisions of this Ordinance and any rules and regulations made thereunder; (g) to act as a resource base for providing expertise, information, data, statistics including but not limited to, economic, commercial, business and industrial areas and such other resources as deemed appropriate or necessary for S.M.E.s; (h) to provide, arrange and facilitate support services, including but not limited to technical, financial, managerial, legal, marketing, commercial industrial and such other services as deemed appropriate or necessary for S.M.E.s. (i) to establish any association of persons, firm, company, body or corporation concerning S.M.E.s in Pakistan; (j) to engage and enter into agreements with financial and other institutions, and financial, legal, accounting, valuation and other specialists, for the purposes of fulfilling the aims and objectives of the Authority; (k) to borrow money and secure or discharge any debt or obligation binding on the Authority in such manner as may be thought fit; (l) to sell, improve, manage, develop; exchange, mortgage, let or rent, grant licences, easements, options, servitudes and other rights over and in any other manner deal with or dispose the real and personal property, assets, rights and effects of the Authority; (m) to open and maintain the Authority's accounts with banks and financial institutions (n) to enter into any agreements with any authorities, Federal or Provincial, autonomous, semi-autonomous, municipal, local or otherwise that may be conducive to the Authority's aims or objectives, or any one of them, and to obtain from any such authority, rights, privileges and concessions which the Authority may deem desirable to obtain and to carry out, exercise and comply with any such arrangements, rights, privileges and concessions ; (o) to have and possess all powers and functions enumerated in sections 7, 11 and 15 as entrusted to the Board, the Chairman and the Chief Executive Officer respectively; (p) to perform such other functions as may be assigned by the Federal Government to achieve the alms and objectives of this Ordinance; and (q) to do all other acts, deeds and things incidental to or ancillary for the purposes of achieving the objects of this Ordinance. CHAPTER III BOARD AND COMMITTEES

Effective date: 2002-01-01

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