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First ever organization in Pakistan to be COMFAR III equipped: Small and Medium Enterprise Development Authority

Lahore, March 13, 2014 (PPI-OT): The Investment Promotion Unit (IPU), a joint project of the United Nations Development Organization (UNIDO), the Small and Medium Enterprises Development Authority (SMEDA) and Italy, has equipped SMEDA with UNIDO’s internationally recognized software known as COMFAR III, thus making it the first ever organization in Pakistan to be COMFAR III equipped.

Sardar Ahmad Nawaz Sukhera, CEO SMEDA, received the COMFAR license keys from Mr. Imran Chaudhry, National Project Coordinator, IPU at a graceful ceremony held here today at SMEDA head office. Mr. Dino Fortunato from UNIDO Investment and Technology Promotion Office (ITPO), Italy and the senior officials of SMEDA attended the ceremony.

The event was preceded by a two-week long COMFAR III training for thirteen SMEDA officers in January 2014, for which an International Trainer was engaged by the UNIDO. SMEDA staff from departments responsible for the pre-feasibility studies, project management and E-BDS participated in the training.

The COMFAR (Computer Model for Feasibility Studies and Reporting), developed by United Nations Industrial Development Organization (UNIDO), is a computer model that facilitates short and long term analysis of financial and economic consequences of industrial as well as non-industrial projects.

There are currently over 8,000 COMFAR users in 160 countries of the world. In over 30 years of COMFAR development, two main development impacts have been recorded, including classic investment benefits, such as increased employment; and improved institutional capabilities to ensure the feasibility and economic benefits of investments in developing countries.

Given the usefulness of the training and successful deployment of the COMFAR software in SMEDA, the IPU plans on holding COMFAR III Advance training later in the year, which will be opened to other industrial and relevant stakeholders as well.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Tel: 111-111-456
Fax: (042) 6304926
Email: helpdesk@smeda.org.pk
Website: www.smeda.org.pk

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