SMEDA Board greenlights revamping strategy

News Image

MG News | May 05, 2025 at 11:00 AM GMT+05:00

0:00

May 05, 2025 (MLN): Small and Medium Enterprises Development Authority (SMEDA) Board of Directors, in its 30th meeting, approved the Implementation Plan for SMEDA Revamping.

The meeting, chaired by Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister (SAPM) for Industries and Production, was attended by Mr. Saif Anjum, Federal Secretary Industries and Production, and Mr. Socrat Aman Rana, CEO of SMEDA, along with the Board members.

Mr. Haroon Akhtar Khan, while chairing the meeting, emphasized the Prime Minister’s vision for SME development and expressed satisfaction over SMEDA's fast-track progress in line with this vision.

He reiterated that the future of Pakistan’s economy lies in the growth and development of SMEs, and the Prime Minister is committed to raising Pakistan’s SMEs to international standards.

He also highlighted the hiring of international SME experts as part of the initiative, as per the press release.

The board discussed the formation of a committee by the Prime Minister to review SMEDA’s current structure and propose necessary changes for revamping the organization.

The goal is to make SMEDA a catalyst for the growth of the SME sector in the country.

In line with the Prime Minister's directives, the Implementation Plan for revamping SMEDA was presented, focusing on aligning existing employees with new outsourcing activities.

The revamping plan, initially presented by the revamping committee to the Prime Minister on April 9, 2025, included detailed discussions and deliberations.

The restructuring option, which involves outsourcing, was approved by the Prime Minister and has now been endorsed by the SMEDA Board of Directors in the meeting.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,250.00 119,740.00
118,145.00
955.00
0.81%
BRENT CRUDE 72.93 73.17
71.75
0.42
0.58%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.68 69.86
68.45
0.47
0.68%
SUGAR #11 WORLD 16.57 16.58
16.37
-0.02
-0.12%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg