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KOSGEB- SMEDA to continue cooperation for development of SME sector in Pakistan

Lahore, March 08, 2016 (PPI-OT): Turkish SME Development agency; KOSGEB will continue sharing its knowledge and experience with the Small and Medium Enterprises Development Authority (SMEDA) for development of SME sector in Pakistan. It was stated by Mr. Recep BICER, President KOSGEB while replying the address of welcome delivered by Mr. Muhammad Alamgir Chaudhry, CEO SMEDA at a meeting held with Turkish Delegation at SMEDA head office today.

The other members of Turkish Delegation included Mr. Murat Alper OZTURK , Mr. Nazım AKSOY, Mr. Kerim BILIR, Mr. Murat DEMIREZ, Mr. Suleyman ISLAMOGLU, Advisor to the President of KOSGEB and Mr. Necmi UZUN, Director KOSGEB for EU and Foreign Affairs. SMEDA GMs Mr. Haroon Ahmad, Mr. Maeraj Anees Arif, Dr. Naeem Rauf and other senior officials were also present on this occasion.

Leader of the Turkish Delegation and President KOSGEB Mr. Recep BICER said that Pakistan and Turkey had historical bonds, whose roots were deep into bloods of the two sister nations. He observed that Pakistan’s SME sector had a great potential to grow.

He expressed confident that the current MOU signed with SMEDA the other day in Ministry of Industries and Production has opened up new vistas of exchanging knowledge and experience between SME sectors of the two countries. He observed that the SME sector in Pakistan was fully enriched with the potential to undertake joint ventures with Turkish SME sector in a number of industrial and commercial fields.

Earlier, SMEDA CEO Mr. Muhammad Alamgir Chaudhry, in his address of welcome, told that SMEDA and KOSGEB had been exchanging mutual cooperation with each other under an MOU signed in 2002, which was renewed yesterday (Monday) at Islamabad in presence of Mr. Ghulam Murtaza Jatoi, Federal Minster Industries and Production. He said under the MOU, both SME development agencies would help each other promote SMEs and SME made products through activities like trade fairs and exhibitions.

Besides, the transfer of technology to the SME sector would be made through mutual cooperation of SMEDA and KOSGE, he said and hoped the mutual cooperation of the two sister organizations would help local SME enhance their exports. He informed, Currently, Pakistan’s exports to Turkey are approximately U$322.60 million and imports are U$238.45 million.

There exists a huge trade potential between both nations that can be explored by strengthening trade ties in the areas of potential SME sectors, he added. Later, a comprehensive presentation on SMEDA services and projects was given to the Turkish Delegation. Before leaving Lahore, the delegation will also meet Chief Minister of Punjab on tomorrow (Wednesday) evening.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7
Email: aligohar@smeda.org.pk, helpdesk@smeda.org.pk
Website: www.smeda.org.pk

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