Islamabad: Prime Minister Muhammad Shehbaz Sharif says the government is working on priority basis to promote small and medium enterprises.

He was chairing a meeting in Islamabad today, of the Steering Committee on Small and Medium Enterprises Development Authority.

The Prime Minister said small and medium industries are significant for the country's development and economy.

The meeting was briefed about reforms in SMEDA and steps taken in this regard.

It was informed that companies with a turnover of up to 30 million rupees per year have been given the status of micro enterprises and included in the scope of SMEDA.

A draft of the Women Entrepreneurship Policy is ready, which will soon be presented to the federal cabinet for approval. A special digital portal for SMEDA women will also be launched soon.