SME Bank and SMEDA Drive SME Sector Growth

The Economic Coordination Committee (ECC) is currently in the process of evaluating a proposed benefits package for employees at SME Bank. This package is designed to benefit both regular and contractual staff members. In addition to this, there are plans being discussed regarding the transfer of the SME portfolio from SME Bank to the National Bank of Pakistan. This move could potentially have significant implications for the SME sector in the country.

Meanwhile, the Small and Medium Enterprises Development Authority (SMEDA) has unveiled an ambitious 10-year plan aimed at nurturing the growth of small and medium-sized businesses. This comprehensive strategy is centered around cluster-based development, with the goal of providing targeted support to SMEs across various industries. By focusing on cluster-based initiatives, SMEDA aims to create a conducive environment for the sustainable growth of SMEs in Pakistan.

The proposed benefits package for SME Bank employees and the strategic plan introduced by SMEDA signal a positive outlook for the SME sector in Pakistan. With efforts being made to enhance support mechanisms and streamline operations, small and medium enterprises in the country are poised for growth and development in the coming years.