Micro, Small and Medium Enterprises (MSMEs) have played an important role in leading the national economic development in difficult economic circumstances and the government of Pakistan is giving full support to MSMEs.

Haroon Akhtar Khan, Special Assistant to the Prime Minister for Industries and Production, said this while addressing an interactive session arranged to celebrate World MSME Day 2026. The workshop was organized by Small and Medium Enterprises Development Authority (SMEDA) at Islamabad Chamber of Small Traders and Small Industries (ICSTSI) to promote communication, networking and wider outreach to MSMEs for government support.

A quick documentary showing SMEDA’s core initiatives and efforts targeted at enhancing Pakistan’s small business environment set the tone for nationwide festivities staged to honor the United Nations designated day.

The SAPM said MSME growth is at the heart of the government’s economic goal. He said the government under Prime Minister Muhammad Shehbaz Sharif was striving to increase access to finance, promote business formalisation and create new chances for firm growth through capacity building and training programmes.

“Encouraging growth in lending by banks and microfinance institutions, access to credit is still one of our top priorities,” Haroon Akhtar Khan remarked.

Pakistan’s SME lending portfolio climbed to Rs. 853.94 billion as of March 31, 2026, from Rs. 584.44 billion on March 31, 2025, showing growth of 46 per cent, data from the State Bank of Pakistan (SBP) showed.

Similarly, the number of SME borrowers rose to 312,355 as of March 31, 2026, compared to 203,139 recorded a year earlier, representing a growth of 53.7 per cent.

“The government is equally committed to supporting women entrepreneurs and microenterprises, especially those operating in underserved areas to build a vibrant and globally competitive MSME ecosystem capable of contributing towards inclusive and sustainable economic growth,” he added.

The SAPM claimed that efforts were being made to provide possibilities to MSMEs by strengthening market access and enhancing linkages of business with various organisations including Alibaba, JICA, PIFD and financing institutions.

“The goal of the government is sustainable prosperity for our MSMEs,” he stated.

The projects of SMEDA

SMEDA Chief Executive Officer Nadia Jahangir Seth said the World MSME Day is an opportunity to acknowledge the resilience, ingenuity and contribution of millions of Pakistani businesses towards the national economy.

She added that SMEDA was focused on making MSMEs bankable and digitally enabled, highlighting its initiatives under the three-year Business Plan. She said that the organization was following a revitalized vision and strategic direction defined by the Ministry of Industries and Production and its Board of Directors.

SMEDA was striving for promotion of business formalisation through free registration facilities available through SME Registration Portal (SMERP) besides focusing on export readiness, inter-firm connections and climate related measures, she added.

She also highlighted major programs such as the SME Certification and International Accreditation Grant Programme and a five-year project to turn banana waste into eco-friendly textile items.

SMEDA was working with women-led firms and microenterprises to increase their digital and financial literacy, product development and export readiness as part of Prime Minister Shehbaz Sharif’s objective of inclusive economic growth, Seth added.

“These initiatives are also targeted at providing entrepreneurs with better market access, B2B linkages and opportunities for value chain integration,” she said.

“SMEDA continues to focus on building an enabling environment which will help enterprises to be more competitive, bankable and globally connected,” she added.

Nationwide Campaigns

The President of Islamabad Chamber of Small Traders and Small Industries, Awais Satti applauded the activities being carried out through SMEDA and welcomed the government’s increased focus on MSME growth.

He said the potential of Pakistan’s MSME sector could be unlocked by stronger public-private collaboration, better access to funding and wider market prospects.

27 June is observed as World MSME Day across the globe in recognition of the contribution of MSMEs to employment generation, innovation and sustainable economic growth.

This year SMEDA arranged interactive sessions and talks in Islamabad, Rawalpindi, Lahore, Faisalabad, Gujranwala, Gujrat, Sialkot, Multan, Sargodha, Abbottabad, Hyderabad, Dadu, Sukkur and Mirpur.

Lahore Chamber of Commerce and Industry (LCCI) in cooperation with SMEDA organised a stakeholders engagement session in Lahore. The President LCCI, Faheem Ur Rehman Saigol was chief guest on the occasion and he emphasized on the necessity of entrepreneurship and enterprise growth for boosting Pakistan’s economy.

He acknowledged the contribution of MSMEs for generating job opportunities, fostering innovation and inclusive economic growth.

Regional Chief, Central, SMEDA, Muhammad Javed Afzal spoke on the importance of World MSME Day and informed the audience about the mandate, services and current initiatives of SMEDA for MSME growth.

The seminars also offered an opportunity for participants to exchange ideas on improving the business climate and boosting the competitiveness of local businesses.

Petroleum Minister Ali Pervaiz Malik said the government would analyse international price indicators for fuel and diesel this week to gauge possible assistance for consumers.

The administration is not favouring any particular sector and is not putting any unnecessary strain on any segment, the minister stated on X (previously Twitter).

The minister said the government will continue to operate within the confines of its international commitments and pass on greatest possible advantage to consumers.

Prime Minister Shehbaz Sharif has so far lowered the rates of fuel by Rs200 per litre and petrol by Rs155 per litre, Ali Pervaiz Malik remarked.

International pricing indications for petrol and diesel will be studied over the week before any further decision is taken, he said.

Officially enacting the federal budget for the fiscal year 2026-27, President Asif Ali Zardari gave his constitutional assent to the Finance Bill 2026 on Friday. This allowed the bill to become law.

The budget for the upcoming fiscal year, which will go into effect on July 1, 2026, is formalised with the assent of the president, as stipulated by Article 75 of the Constitution.

On the 12th of June, 2026, the Federal Minister for Finance and Revenue, Muhammad Aurangzeb, delivered a presentation to the National Assembly in that capacity.

By rejecting all of the modifications that were proposed by the opposition, the House of Representatives was able to pass the Finance Bill 2026 on June 23, following the debate that took place.