Pakistan approves Rs2 billion to revive small industry sector

The government approved the release of Rs2 billion to revive the small industry. Prime Minister Shehbaz Sharif approved a business plan to revamp and transform the Small and Medium Enterprises Development Authority (Smeda).
Rs2 billion was allocated in the federal budget for the 2026-27 financial year to fund approved interventions under the Smeda plan. A dedicated assignment account for these funds was established at the National Bank of Pakistan main branch in Lahore under the Accountant General Pakistan Revenues sub-office.
The Finance Division agreed to the release of the Rs2 billion in favour of Smeda. The Economic Coordination Committee (ECC) approved the proposal for a technical supplementary grant of Rs2 billion.
The Ministry of Industries and Production briefed the ECC on these measures during a recent meeting.



















































































