The Small and Medium Enterprises Development Authority (SMEDA) has marked International Labour Day by ensuring labour rights in all SME development initiatives. Mr Haroon Akhtar, Special Assistant to the Prime Minister on Industries and Production, Mr. Saif Anjum, Federal Secretary of the Ministry of Industries and Production and Mr. Socrat Aman Rana, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) have unani statement issued here on Wednesday to mark the International Labor Day 2025, have unitedly assured to extend the fullest support to enhance employment and skill development opportunities in the SME sector for labor force of Pakistan in line with the SME development vision of the Prime Minister to be implemented by the Ministry of Industries and Production through SMEDA.
SAPM said, “On International Labor Day”, we acknowledge the invaluable contributions of workers across Pakistan’s industrial and commercial sector, he said and emphasized upon the importance of formalizing the informal economy to ensure workers’ rights and social protections”. He stated that the Ministry of Industries and Production is working diligently to protect workers’ rights while expanding job opportunities in the SME sector, in line with the Prime Minister’s vision.
Federal Secretary Mr. Saif Anjum informed that the Ministry of Industries and Production (Mop) in partnership with the ILO had launched “the Enterprise Formalization Project, which will also formalize the labor force to improve their employability and access to the new job markets by developing the skills required for a just transition in response to climate change.
CEO SMEDA Mr. Socrat Aman Rana said, “at SMEDA, we are committed to look after the complete value chain of SME sector, in which labor plays the pivotal role. He informed that SMEDA development projects also include capacity building initiatives for labor force of the country to provide them with the necessary tools, training, and resources to compete in the job market. He told that over 84 percent of Pakistan’s workforce operates informally within the SME”” and home-based sectors, creating barriers for businesses and workers alike. This informality limits access to critical markets, financing, social protections, and skill development, he said, and he hoped that the “Enterprise Formalisation Project” launched by Moip in collaboration with ILO would remove these anomalies.
