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Minister of State for Industries and Production assures to make SMEDA funding as important part of Government’s Annual Development Plan

Lahore, November 28, 2017 (PPI-OT):Minister of State for Industries and Production Sardar Muhammad Arshad Khan Leghari has assured to make SMEDA funding as important part of the Government’s Annual Development Plan. It was stated by him while having a briefing on the Small and Medium Enterprises Development Authority (SMEDA) today at SMEDA head office. Mr. Sher Ayub Khan, Chief Executive Officer SMEDA gave a detailed presentation on this occasion regarding the initiatives taken by SMEDA for development of SMEs in the country.

The meeting was specially attended by Mr. M.A Jabbar, Member Board of Directors of SMEDA. Whereas, the CEO SMEDA was accompanied by the senior members of his management team including Mr. Fuad Hashim Rabbani, General Manager Central Support, Ms. Nadia Jahangir Seth, GM-Policy and Planning, Mr. Ashfaq Ahmad, GM-Business and Sector Development, Mr. Ahmad Mansoor Chaudhry, GM-Monitoring and Evaluation and Raja Hassanien Javed, GM-Outreach-1.

The Minister of State observed that the poverty and unemployment prevailing in the country cannot be controlled without promoting the small and medium enterprises and to achieve this goal, the government will have to strengthen role of SMEDA. He appreciated the development projects established by SMEDA and assured to support the new development initiatives through Ministry of Industries and Production. However, he suggested to evolve a mechanism to monitor growth of a growing business sector so as to avoid unnecessary saturation and keep the level of a particular business’s expansion within limits of market demand.

Sardar Arshad Khan Laghari pointed out that Pakistan, being an agricultural country, has a great potential in Dairy and Livestock sector that can be exploited to fortify the economy. He cited the Australia and Holland, who have emerged as the strongest economies of the world just because of the Livestock sector. We should also make a comprehensive strategy to up-grade this sector on modern lines, he said and appreciated SMEDA to initiate a “Controlled Shed Program” for Dairy farming. He urged to expand this program among farmers’ community across the country.

SMEDA CEO Mr. Sher Ayub Khan, during his presentation on SMEDA, described the services, projects and special initiatives being run by SMEDA to promote SMEs. He said that besides providing SMEs with the technical, management and marketing support, SMEDA had established a network of Common Facility Centers and Help Desks in all major business cities.

He informed that about 20 projects had been completed by SMEDA under Public Sector Development Program, which have enhanced export quality and capacity of a number of SME clusters including Fruits processing, Sports Goods manufacturing, Red Chillies Drying, Honey production and Foundry industry. Mr. M. A. Jabbar, Board Member of SMEDA also appealed the Minister of State to provide SMEDA with the requisite funding for accomplishing SME development initiatives.

For more information, contact:

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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