Pakistan’s Federal Cabinet approves new small business support package

Pakistan’s Federal Cabinet has approved a new economic support package aimed at boosting small and medium enterprises (SMEs) facing financial challenges, with incentives including tax relief, low-interest loans, and streamlined registration processes. Officials said the package is designed to encourage entrepreneurship, increase job opportunities, and strengthen local production across key sectors such as textiles, agriculture services, and light manufacturing. Trade associations welcomed the move, noting that easier access to credit and reduced regulatory hurdles could help revive business activity and drive economic resilience amid broader global uncertainties. The announcement also highlighted plans for targeted training programs to improve skills and competitiveness for small business owners nationwide.