SMEDA Launches Three-Year Plan to Boost SME Development

Lahore: The Small and Medium Enterprises Development Authority (SMEDA) has unveiled a new three-year business plan aimed at revitalizing the sector through enhanced export capabilities, increased access to finance, and greater integration into global value chains. The plan, which also focuses on promoting subcontracting, fostering women’s development, and building climate resilience, was approved by the SMEDA Board following a detailed presentation by CEO Socrat Aman Rana.

According to Small and Medium Enterprise Development Authority, the Business Plan 2024-27, developed in response to directives from the Prime Minister of Pakistan, was presented during a meeting chaired by Rana Tanveer Hussain, Federal Minister for Industries and Production. The initiatives outlined are designed to support SMEs in adapting to climate change, securing better financial access, and becoming more integral to the global supply chain. CEO Rana expressed optimism that these measures would significantly enhance the capacity of SMEs to adapt to environmental and market changes.

The plan’s approval was met with unanimous support from both governmental and private sector board members, signaling a strong commitment to advancing SME development. The board, comprising six ex-officio government members and four private sector representatives, includes notable figures such as Federal Minister Rana Tanveer Hussain and Federal Secretary of Industries and Production Saif Anjum.

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