The federal government has reaffirmed its commitment to creating a more business-friendly environment by simplifying regulations, supporting small and medium enterprises (SMEs), and expanding Pakistan’s manufacturing sector through institutional reforms and digital transformation.
Commerce Minister Jam Kamal Khan made the remarks during a meeting with a delegation from the Islamabad Chamber of Small Traders and Small Industries (ICSTSI). Discussions focused on taxation reforms, industrial infrastructure, exports, and measures to improve the ease of doing business.
The minister said the government is working to remove unnecessary regulatory barriers, modernize business procedures, and simplify registration processes so entrepreneurs can complete required formalities more efficiently before launching commercial activities.
Jam Kamal also welcomed the State Bank of Pakistan’s revised definition of SMEs, saying it would help more businesses gain access to financing opportunities and government incentives.
Business representatives informed the minister that many small enterprises continue to operate outside the formal economy due to complicated registration procedures, frequent audits, and high compliance costs.
The commerce minister said the government’s goal is to expand the tax base by encouraging voluntary documentation rather than placing additional pressure on existing taxpayers.
During the meeting, the business delegation proposed the establishment of dedicated industrial zones for SMEs in Islamabad, a modern slaughterhouse to support the halal meat sector, and the development of a 100-acre industrial project through a public-private partnership.
Jam Kamal said organized industrial estates could improve productivity, enhance product quality, strengthen environmental compliance, and create new employment opportunities. He added that better utilization of livestock byproducts could also contribute to economic growth.
The minister urged the business community to present commercially viable investment proposals, stating that public-private partnerships, industrial diversification, and technological advancement would be essential for strengthening Pakistan’s manufacturing sector, increasing exports, and creating sustainable jobs.
