Islamabad (UPA): Addressing a meeting of the Steering Committee of the Small and Medium Enterprise Development Authority (SMEDA), chaired by Prime Minister Muhammad Shahbaz Sharif, Prime Minister Nawaz Sharif said small and medium-sized enterprises (SMEs) play an important role in the country’s development and economy. The government is working on a priority basis to promote small and medium-sized businesses.
Briefing the meeting on the reforms in SAMEDA and the steps taken by SAMEDA, on the directions of the Prime Minister, companies with an annual turnover of up to Rs 3 crore have been included in the scope of SAMEDA by giving them the status of micro enterprises. It was informed in the briefing that the draft of Women Entrepreneurship Policy is ready. It will soon be submitted to the federal cabinet for approval.
A special digital portal for SAMEDA women will be launched soon. Work has been outsourced on the creation of SMEDA’s credit scoring model, export enhancement strategy and legal framework for sub-contracting of SMEs.
It was informed in the briefing that SIMIDA is conducting a survey of 20 sectors of the economy with the help of the Federal Bureau of Statistics.
The meeting was attended by Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Climate Change Dr Mosaddeq Malik, Federal Minister for Information Technology and Telecommunications Shaza Fatima, Adviser to the Prime Minister Dr Tauqir Shah, Special Assistant to the Prime Minister on Industry and Production Haroon Akhtar, Member of National Assembly Nausheen Iftikhar, Chief Secretaries of the four provinces, Gilgit-Baltistan and Azad Jammu and Kashmir and other senior government officials.
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