Opposition Leader calls on Govt. to provide fair solutions to struggling SMEs

Tuesday, 1 July 2025 02:14 - - {{hitsCtrl.values.hits}}

Sajith Premadasa

Opposition Leader Sajith Premadasa has urged the Government to immediately provide fair and just solutions to Small and Medium-sized Enterprises (SMEs) and entrepreneurs who are being severely impacted by the re-implementation of the parate execution laws, effective from 30 June.

Issuing a special statement yesterday, Premadasa emphasised that with the enforcement of the parate law, many SMEs and entrepreneurs are at risk of having their assets rapidly auctioned off by financial institutions, plunging them into further

hardship.

He pointed out that these SMEs contribute over 50% to Sri Lanka’s GDP and provide employment to over 4 million people.

The loss of their assets due to enforced auctions will directly affect national production and negatively impact economic growth, Premadasa noted.