LAHORE: Small and Medium Enterprises Development Authority (SMEDA) has launched a groundbreaking AI-powered legal and compliance support platform for SMEs across Pakistan, in collaboration with “PakLawAssist” – Pakistan’s first AI-based legal automation platform.
SMEDA Chief Executive Officer (CEO) Socrat Aman Rana, commenting on this initiative, said here Monday that SMEDA as per SME development vision of the prime minister and under the guidance of the MoIP (Ministry of Industries and Production) is striving to enhance ease of doing business for MSMEs.
The partnership with “PakLawAssist” marks a major step toward empowering small and medium enterprises with instant, affordable, and reliable legal tools, enabling them to operate efficiently, he said and added that having legal support via AI Chatbot for the first time in Pakistan, SMEs can now access round-the-clock legal and compliance guidance.
He further said that through dedicated workspace on “PakLawAssist”, the SMEs can now also instantly draft legal documents such as NDAs, employment contracts and more; by using AI tools, eliminating manual drafting barriers.
The initiative, in the business circles, is being seen as a revolutionary step, which will bridge a critical gap in Pakistan’s business ecosystem.
