In a press briefing, Commerce Advisor Abdul Razak Dawood said that the government is focusing on developing the export sector of the country and introducing new policies to facilitate exports. He said that the development of businesses plays a key role in the progress of a country and Pakistan needs to improve the import sector. He added that the government’s pro-business policies are giving many benefits to the export sector.
In the Small and Medium Enterprise (SME) Policy 2019, the government is focusing on 3 main factors to improve the SME sector, namely the access to credit, technology and markets. He added that the growth in the SME sector is crucial for the country as it creates more jobs. Furthermore, he said that the government is undertaking key reforms in the Small and Medium Enterprises Development Authority (SMEDA), to help the SME sector to develop.
He also said that the recent policies of the government encouraged businesses to register themselves and this would bring a lot of benefits to these businesses and the government. He further added that the government is taking steps to reduce the cost of doing business in Pakistan. He highlighted the improvement of Pakistan’s position in the World Bank’s ‘Ease of doing business list’ and said that Pakistan rose 11 ranks in this year and stood at 136, and the ranking is expected to improve further.