Govt accelerates SME reforms under SMEDA
MG News | October 13, 2025 at 10:47 AM GMT+05:00
October 13, 2025 (MLN): The government has stepped up efforts to accelerate SME formalization and financing under the new reforms being reviewed by the Small and Medium Enterprises Development Authority (SMEDA).
The 32nd meeting of the SMEDA Board examined proposed
amendments to the SMEDA Ordinance 2002, the appointment process of the new
Chief Executive Officer, and the Authority’s SME Formalization initiative, according to press release issued.
The meeting was chaired by Special Assistant to the Prime
Minister (SAPM) on Industries and Production, Mr. Haroon Akhtar Khan, and
attended by senior officials from the Ministry of Industries and Production,
Federal Board of Revenue (FBR), Ministry of Finance, and Ministry of Commerce,
alongside private sector members of the Board.
During the meeting, the SAPM reaffirmed the government’s
strong commitment to accelerating SME development, emphasizing SMEDA’s critical
role in promoting sustainable industrial growth and employment.
He directed SMEDA to introduce a nationwide awareness
campaign on government incentives for registered SMEs and expedite efforts to
bring more businesses into the formal sector through the SME Registration
Portal.
Highlighting the significance of long term financing for
small and medium enterprises, the SAPM informed that it has been prioritized in
the forthcoming Industrial Policy.
A high-level committee, chaired by the Federal Minister for
Finance, has been established to advance industrial financing mechanisms.
Briefing the Board, SMEDA CEO Mr. Socrat Aman Rana shared
that 13 amendments have been proposed to the SMEDA Ordinance 2002 to improve
inter-ministerial coordination and expedite SME related approvals.
He also informed about SMEDA’s participation in the
introduction of the OIC SME Network (OIC-SMENET) in Baku, Azerbaijan, and
Pakistan’s debut at BIOPROM-2025, Russia’s leading biotechnology and
pharmaceutical trade fair.
The CEO expressed gratitude to the SAPM and the Secretary of
the Ministry of Industries and Production for their continued guidance and
support in strengthening Pakistan’s SME ecosystem and enhancing global linkages
for local enterprises.
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