Taking the SME Development, as a priority agenda of the present government, the 22nd meeting of the Small and Medium Enterprises Development Authority (SMEDA) Board of Directors, took place on Friday at Committee Room of the Ministry of Industries and Production (MOIP) in Chair with Rana Tanveer Hussain, Federal Minister Industries and production. The meeting granted approval to the agenda items including the proposed amendments in SMEDA Ordinance 2002 in line with SOEs Act-2023, SMEDA Business Plan-2024-27 and the SME Development special Fund Rules-2024.
The meeting was attended by 6 Ex-officio Members from the government side, whereas 4 members from the private sectors. The Ex-officio Members include Rana Tanveer Hussain, Federal Minister Industries and Production (Chairman), Mr. Saif Anjum, Federal Secretary Industries and Production, Mr. Munir Ahmed, Sn. Joint Secretary Ministry of Finance, Mr. Aizaz Hussain, Chief Income Tax Policy, Mr. Shakeel Ahmed Mangnejo, Special Secretary Commerce and Mr. Socrat Aman Rana, CEO SMEDA. The members from private sector include Ms. Bushra Malik, Dr. Muhammad Yousaf Sarwar, Mr. Alamgir Durrani and Ms. Aania Alam.
Mr. Socrat Aman Rana, CEO SMEDA gave a detailed presentation on the agenda items with a special focus on the SMEDA Business Plan-2024-27. He informed that under the Plan, SMEDA has developed initiatives to enable SMEs for integrating them into global value chain and thus enhancing exports of the country. The Plan would also enhance SMEs’ access to finance improving their bankability, he said and informed that the plan also includes effective measures to boost subcontracting, promote Women Entrepreneurship and protect SMEs from the impacts of climate change.
The Chairman SMEDA Board Rana Tanveer Hussain and the other Board Members expressed satisfaction on the plan and granted approval unanimously.
