Small and Medium Enterprises Development Authority (SMEDA) Chief Executive Officer (CEO) Hashim Raza said on Saturday that new SME policy is ready, but it needs suggestions from the private sector.
Talking to business community here at Lahore Chamber of Commerce & Industry (LCCI), he said that Prime Minister Imran Khan desired to facilitate small and medium enterprises in all respect to grow businesses in the country. He said that SMEDA was also ready to conduct business plan competitions, in collaboration with the LCCI.
Hashim Raza said SMEDA and the LCCI have good working relationship and hoped that the partnership would further strengthen in the days to come.
LCCI President Mian Tariq Misbah said that approval of the National SME Policy Action Plan by the prime minister was a welcome sign, which would help resolve the issues being faced by the SMEs. He said that the plan was a composition of comprehensive roadmap and recommendations for development of the important sector.
He appreciated the initiative for seeking input from all the stakeholders in order to improve the existing laws and regulations that are especially affecting the businesses at small and medium levels.