Islamabad: To boost women’s economic engagement, the Small and Medium Enterprises Development Authority (SMEDA) has proposed a 25% tax break for businesses owned solely by women., news sources reported on November 1.
SMEDA General Manager (GM) Nadia Jahangir Seth informed the Standing Committee of the National Assembly on Industries and Production of the announcement. She stated that the government has established goals for women’s involvement in industries and that tax breaks will encourage more women to work in traditional sectors. The standing committee was also informed that the government is developing new strategies for the e-commerce industry to enhance its outcomes. Under the new SME policy, training is being provided for the e-commerce industry in this respect.
It is worth noting that SMEDA has suggested the development of several women-focused businesses, including handicrafts. It has suggested specific handcraft industrial zones where women would operate autonomously and own the enterprises.