An Export Development Fund meeting was held under the chairmanship of Prime Minister Muhammad Shehbaz Sharif. The Prime Minister welcomed the provision of export insurance coverage by the Export Development Fund and the Export Import Bank of Pakistan (EXIM Bank of Pakistan), particularly for small and medium-sized enterprises (SMEs). Speaking on the occasion, the Prime Minister said that a Rs 3 billion Risk Pool, specifically for small and medium-sized enterprises (SMEs), expands access to export credit insurance. This decision will facilitate the business community in increasing the volume of exports. It is a highly welcome step for the promotion of small and medium-sized enterprises in the country. The Prime Minister commended the Export Development Fund team for their reforms aimed at strengthening the national economy. The Prime Minister further stated that, following restructuring and reforms, the leadership of the EDF has been entrusted to private sector experts. All capital available with the EDF is being utilized for the facilitation of the business community. These measures reflect the Government of Pakistan’s commitment to promoting the national economy and increasing exports. Through these initiatives, Pakistan will become a hub for investment at the global level. All these measures are being taken to fulfill the resolve to promote an export-based economy. In the meeting, the Prime Minister was briefed on the restructuring and reforms of the EDF. The briefing revealed that the Rs 24 billion available with the EDF has been fully earmarked for investment to facilitate the business community. No further expenditure will be incurred in the infrastructure sector. Research, skills development, and measures to enhance competitiveness are being undertaken in the EDF for the growth of the national economy and the facilitation of the business community. Steps are being taken to extend the Generalized System of Preferences Plus (GSP Plus Status) for access to Pakistan’s European market. The meeting was attended by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Federal Ministers Muhammad Aurangzeb, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Minister of State for Finance Bilal Azhar Kayani, Prime Minister’s Advisor Haroon Akhtar, EDF Board Chairman Omar Saif, and senior officers from relevant institutions.