LAHORE:

The Small and Medium Enterprises Development Authority (SMEDA) and the Pakistan Microfinance Network (PMN) have agreed to collaborate on enhancing financial facilities for micro-enterprises in Pakistan.

According to a statement issued on Wednesday, SMEDA CEO Socrat Aman Rana and PMN CEO Syed Mohsin Ahmed met at SMEDA’s head office along with their teams to identify key areas of cooperation. The discussions focused on financial literacy, access to finance, and data sharing to strengthen support for micro-enterprises.

Rana said SMEDA valued PMN’s role in advancing financial inclusion and saw alignment in their mission to support underserved businesses. He noted that micro, small, and medium enterprises (MSMEs) play a key role by contributing 40% to GDP.