Key Takeaways
- Prime Minister Shehbaz Sharif has instructed SMEDA to develop a comprehensive strategy for SMEs.
- The strategy aims to ensure equal facilities and uniform technical assistance across all regions.
- SMEDA is to focus on women's participation, digital platform utilisation, and agricultural commodity trade.
Prime Minister Shehbaz Sharif has directed the Small and Medium Enterprises Development Authority (SMEDA) to formulate a comprehensive strategy for financial assistance to small and medium enterprises (SMEs) and businesspersons across Pakistan.
A review meeting on the initiatives of SMEDA for financial assistance to SMEs and businesspersons was held in Islamabad under the chairmanship of PM Shehbaz.
PM Shehbaz emphasized the importance of ensuring business promotion, equal facilities, and uniform technical assistance in all regions of the country as the primary objectives of SMEDA’s institutional goals.
He also highlighted the need to expand SMEDA’s ongoing programs to increase women’s participation in SMEs and businesses, stating, 'Digital platforms should be effectively utilized to provide access to national and international trade markets for local businesspersons.'
The prime minister further instructed SMEDA to prepare a strategy that includes special measures to organize the production and trade linkages of agricultural commodities, aiming to strengthen SMEs and build professional and technical capacity.
SMEDA is developing an integrated strategy with relevant institutions, focusing on increasing exports of industrial products linked to small businesses.
The strategy is expected to cover as many regions and sectors as possible, ensuring a comprehensive approach to support SMEs and promote business growth across the country.
The review meeting highlighted the need for a coordinated effort between SMEDA and other relevant institutions to address the challenges faced by SMEs and to enhance their competitiveness in both domestic and international markets.
Ensuring business promotion, equal facilities, and uniform technical assistance in all regions of the country should be at the forefront of SMEDA’s institutional objectives.
PM Shehbaz Sharif, Prime Minister of Pakistan
Digital platforms should be effectively utilised to provide access to national and international trade markets for local businesspersons.
PM Shehbaz Sharif, Prime Minister of Pakistan
