ISLAMABAD: The government is seeking supportive banking policies to empower women entrepreneurs and small and medium enterprises (SMEs) across Pakistan, said Haroon Akhtar Khan, special assistant to the prime minister on industry, on Wednesday. He spoke at the International Women’s Entrepreneurship Day ceremony, organised by FPCCI and Smeda, where representatives from 16 women’s chambers of commerce and industry attended.
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Mr Khan emphasised that Pakistani women entrepreneurs and SMEs have the potential to compete with China due to lower overhead costs, but a systematic approach is needed to enhance connectivity and business outreach. He highlighted government efforts to formalise women-led businesses and empower Smeda to assist women CCIs in streamlining their operations.
Acknowledging challenges in the banking sector, Mr Khan said that the PM has directed the State Bank of Pakistan to set lending targets for women entrepreneurs. “At the same time, we are encouraging girls to ride e-bikes, which will empower them to play a more productive role in society,” he added. Key concerns raised by participants included male-dominated mindsets, limited financing, and insufficient official support for women-led businesses.
FPCCI President Atif Ikram Sheikh underscored that women are crucial drivers of innovation and sustainable development. He said Pakistan cannot progress by leaving half of its population behind, noting that women entrepreneurs are transforming industries, creating jobs, and developing brands despite challenges.
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Smeda Chief Executive Nadia Seth reaffirmed the government’s commitment to economically empower women through SMEs, citing several programmes aimed at skill development to promote self-employment and greater participation in the economy.