ISLAMABAD, Sep 13 (Alliance News): Prime Minister Shehbaz Sharif has directed authorities to implement measures aimed at enhancing the profitability and capacity of small and medium enterprises (SMEs) in Pakistan.
Speaking at a meeting of the steering committee of the Small and Medium Enterprises Development Authority (SMEDA), the Prime Minister emphasized the crucial role of SMEs in the national economy and stressed the need to boost their exports.
In his address, the Prime Minister described SMEs as the “engine of national development” and called for the immediate activation of the SMEDA Board.
He also highlighted the importance of integrating women entrepreneurs into the decision-making processes related to SMEs and improving the standards of export products to meet international practices.
The meeting reviewed strategies to support SMEs, including access to easy loans, promoting SME exports, and facilitating women’s participation in the sector.
Additionally, it was noted that SMEs would benefit from adopting technologies to manufacture textile products using recycled materials to address climate change.
Federal ministers Ahad Khan Cheema and Rana Tanveer Hussain, along with other key officials including the State Bank governor and FBR chairman, attended the meeting.
The new policy for SME development will be based on the latest statistics and aims to support SMEs in starting new businesses and achieving greater profitability.
