Minister for Science and Technology Syed Shibli Faraz has approved exemption of marking fee for small and Medium Enterprises of Business Turnover up to 50 million rupees.

The approval to this effect was made during the 23rd meeting of Board of Directors of Pakistan Standards and Quality Control Authority which held in Islamabad.

It was approved that SMEs of Business Turnover up to 50 million rupees will be exempted from levy of Marking Fee.

It will also encourage new businesses to register and come under the ambit of licensing and certification regime.