{"id":67269,"date":"2025-10-12T18:00:58","date_gmt":"2025-10-12T13:00:58","guid":{"rendered":"https:\/\/internews.pk\/eng\/?p=67269"},"modified":"2025-10-12T18:00:58","modified_gmt":"2025-10-12T13:00:58","slug":"smeda-board-reviews-sme-formalization-and-ordinance-amendments","status":"publish","type":"post","link":"https:\/\/chinaurdu.com\/eng\/?p=67269","title":{"rendered":"SMEDA Board reviews SME formalization and ordinance amendments"},"content":{"rendered":"<p>The 32nd meeting of the Board of the Small and Medium Enterprises Development Authority (SMEDA) was held under the chairmanship of Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister (SAPM) on Industries and Production. The meeting reviewed proposed amendments to the SMEDA Ordinance 2002, the appointment process of the new Chief Executive Officer, and the Authority\u2019s SME Formalization initiative.<\/p>\n<p>The meeting was attended by Saif Anjum, Secretary, Ministry of Industries and Production; Socrat Aman Rana, CEO SMEDA; Masood Akhtar, Chief (Law &amp; Clarification), FBR; Iffat Malik, Joint Secretary (Expenditure), Ministry of Finance; and Muhammad Ashraf, Executive Director General, Ministry of Commerce. Private sector members Aasia Saail Khan, Dr. Syed Zahoor Hassan, Mashood Khan, and Osman Saifullah Khan also participated.<\/p>\n<p>While addressing the Board, Mr. Haroon Akhtar Khan reiterated the Prime Minister\u2019s strong commitment to the rapid development of the SME sector, emphasizing SMEDA\u2019s pivotal role in driving sustainable industrial growth and employment generation. He advised SMEDA to launch a nationwide awareness campaign highlighting the government\u2019s incentives for registered SMEs and urged acceleration of efforts to bring more enterprises into the formal sector through SMEDA\u2019s SME Registration Portal.<\/p>\n<p>The SAPM further underscored the importance of long-term financing for SMEs, informing that it has been made a key component of the forthcoming Industrial Policy. He added that a high-level committee headed by the Federal Minister for Finance has been constituted to promote long-term industrial financing mechanisms.<\/p>\n<p>Mr. Socrat Aman Rana, CEO SMEDA, apprised the Board that 13 amendments have been proposed in the SMEDA Ordinance 2002 to streamline inter-ministerial coordination for ensuring swift approvals of SME development incentives required from other divisions. He also briefed the Board on SMEDA\u2019s fruitful participation in the launch of the OIC SME Network (OIC-SMENET) held in Baku, Azerbaijan, and Pakistan\u2019s debut participation at BIOPROM-2025, Russia\u2019s leading biotechnology and pharmaceutical trade fair.<\/p>\n<p>CEO SMEDA extended his gratitude to the SAPM and Secretary, Ministry of Industries and Production, for their continued guidance and support in enabling SMEDA to strengthen Pakistan\u2019s SME ecosystem and expand international linkages for local enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 32nd meeting of the Board of the Small and Medium Enterprises Development Authority (SMEDA) was held under the chairmanship of Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister (SAPM) on Industries and Production. The meeting reviewed proposed amendments to the SMEDA Ordinance 2002, the appointment process of the new Chief Executive Officer, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":67270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131,30],"tags":[],"ppma_author":[95],"class_list":{"0":"post-67269","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SMEDA Board reviews SME formalization and ordinance amendments - China Urdu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinaurdu.com\/eng\/?p=67269\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMEDA Board reviews SME formalization and ordinance amendments - China Urdu\" \/>\n<meta property=\"og:description\" content=\"The 32nd meeting of the Board of the Small and Medium Enterprises Development Authority (SMEDA) was held under the chairmanship of Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister (SAPM) on Industries and Production. 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