SME development body, Alibaba Group sign MoU to promote digital economy

CHINA: In the presence of Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, the Small and Medium Enterprises Development Authority (SMEDA) signed a Memorandum of Understanding (MoU) with Alibaba Group aimed at enhancing digital trade and expanding global market access for Pakistan’s small and medium-sized enterprises (SMEs).

Speaking on the occasion, Haroon Akhtar Khan said that in line with the Prime Minister’s vision, the government is undertaking comprehensive measures for the digital transformation of the SME sector. He stated that connecting Pakistani businesses with international markets through e-commerce platforms remains a key priority of the government.

He further said that collaboration with Alibaba Group will create new opportunities for youth, entrepreneurs, and startups, while also contributing to the promotion of exports and digital commerce in Pakistan.

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Haroon Akhtar Khan emphasized that the SME sector serves as the backbone of the national economy and that the government is committed to promoting investment, exports, and industrial growth through business-friendly policies.

He described the partnership between SMEDA and Alibaba Group as an important step toward strengthening Pakistan’s digital economy and enhancing international business connectivity.

Secretary Industries and Production Saif Anjum and the Additional Secretary Industries and Production were also present at the signing ceremony.

Copyright Business Recorder, 2026