Lahore: Export-led growth and improved access to financing for small and medium enterprises (SMEs) were among the key priorities discussed during a recent meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Lahore Chamber of Commerce and Industry President Ali Hussam Asghar. The meeting addressed strengthening the private sector's role in economic growth, introducing measures to improve competitiveness, and expanding exports.

According to Lahore Chamber of Commerce and Industry, the Finance Minister welcomed Ali Hussam Asghar and underscored the government's commitment to achieving sustainable economic growth through greater private-sector participation and an expanded export base. The discussions also highlighted the necessity of a facilitative business environment, with Senator Aurangzeb emphasizing the need for a predictable policy framework and simplified regulatory procedures.

Ali Hussam Asghar presented the chamber's perspective on promoting SMEs, improving access to finance, and facilitating business expansion. He emphasized the need for a supportive business ecosystem and continued consultation with chambers of commerce to ensure business policies address ground-level challenges.

The focus on SMEs as a critical driver of economic activity was a central theme, with discussions on improving access to finance and facilitating business expansion. The Finance Minister stressed the importance of practical measures to encourage businesses to expand operations and contribute to economic growth. Taxation and regulatory policies were also discussed, with a focus on supporting productive economic activity and promoting documentation.

Senator Aurangzeb underscored the importance of policy continuity and predictability, highlighting the role of the Tax Policy Office in maintaining engagement with the private sector. The government's commitment to working closely with chambers of commerce and other stakeholders was reiterated, emphasizing collaboration as essential to building a competitive economy driven by investment and exports.