SMEDA and ILO Advance Roadmap For Formalizing SMEs and Workers
SMEDA, under the Ministry of Industries and Production, along with the International Labour Organization (ILO), has developed a National Roadmap for SME (Small and Medium Enterprise) and Worker Formalization. This roadmap aims to provide a structured approach to Pakistan's formalization agenda, involving relevant government institutions and stakeholders.
Key Highlights:
- Purpose: The roadmap seeks to facilitate enterprise and worker formalization, improve working conditions, and promote sustainable SME development in Pakistan.
- Implementation: The third and final meeting of the Technical Working Group (TWG) on SME & Worker Formalisation reviewed the roadmap's implementation led by Humaira Zia Mufti, Additional Secretary-I, Ministry of Industries and Production.
- SMEDA's Role: Sheharyar Tahir, General Manager of SMEDA, appreciated the roadmap's contribution and emphasized the importance of coordinated efforts to ensure sustainable outcomes for SMEs and workers.
- Project Closure: The ILO formally concluded the project on September 30, 2026, while the financial closure process is in progress.
- Achievements: Naeem Ansari from ILO highlighted the project's accomplishments, including the development and launch of the National Roadmap, approved by the TWG.
- Future Steps: The roadmap offers an implementation matrix guiding continued action by government organizations and stakeholders to translate the formalization agenda into tangible actions.
This collaborative initiative underscores the government's commitment to creating a conducive business environment, fostering entrepreneurial opportunities, and strengthening the role of SMEs in economic growth and employment.