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flag Pakistan's PM forms steering committee to enhance SME development, increase bank credit to Rs800bn, and integrate industries into the global supply chain.

flag Pakistan's Prime Minister Shehbaz Sharif has formed a steering committee to improve the Small and Medium Enterprises Development Authority (Smeda). flag He intends to promote sub-contracting in industries, integrate Pakistani industries into the global supply chain, and increase bank credit for the sector to reach Rs800 billion. flag Smeda currently manages a development fund of Rs30 billion, with Rs5 billion for the fiscal year 2024-25, and accounts for 40% of Pakistan's GDP and 31% of its exports.

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