Lahore, March 16, 2017 (PPI-OT): The recommendations emerged from research work of the 2n SME Conference-International would be utilized to constitute the new SME Policy. It was stated by Mr. Ghulam Murtaza Khan Jatoi, Federal Minister Industries and Production while addressing closing session of the two-day International SME Conference organized by the Small and Medium Enterprises Development Authority (SMEDA) in partnership with University of Management and Technology (UMT) at a local five-star hotel. Closing session of the conference held today evening was also addressed by Mr. Sher Ayub, Chief Executive Officer of SMEDA, Dr. Shahid Amjad Chaudhry, Chairperson, Association of Management Development Institutions in Pakistan, Prof. Awais Raoof, Chairman, University of Lahore and Prof. Robert F. Wheeler, Dean School of Business and Economics UMT.
Federal Minister, addressing as Chief Guest, admitted that research is the first step for policy formulation. “We want to create an environment where there should be an extensive research base, which should subsequently aid policy makers for facilitating the small and medium enterprises though evidence based policies”, he said and acknowledged that SMEs had the potential to change economic fate of the country if supported with the pragmatic policies. He appreciated SMEDA to bridge the wide gap existing in Pakistan industry-academia linkage by holding national and international SME Conferences in collaboration with higher education institutions. He expressed confidence that such linkages would not only encourage SMEs-based research, but also help the government develop a vibrant SME sector to catalyse economic growth in Pakistan.
The Minister told that present government was committed to bring prosperity to the nation through SME development, which can create abundant job opportunities for people of Pakistan.
With this aim, we are endeavoring to create conducive business environment and reduce the cost of doing business, he said and hoped that the series of SME Conferences would prove to be an effective platform researchers and SMEs stakeholders.
He urged SMEDA to play an even more effective role in bringing stakeholders together and addressing the impediments to SME growth. He assured to stand committed for providing necessary support to SMEDA and other institutions for catalysing SME growth in Pakistan. ”Our vision for the future of our country is anchored in working in close partnership with the academia and the private sector for building a resilient Pakistan, he said.
Earlier, Mr. Sher Ayub, CEO SMEDA, delivering address of welcome to the Chief Guest, told that the Conference, over the past day and a half had provided a platform to stakeholders including academia, researchers, SMEs, public and amp; private sector representatives as well as international development agencies to share their experiences. Over 50 research papers from around 15 national and amp; international universities were received for the conference, but only 12 of these were selected for presentation to reflect high standards of the conference, he said and informed that 8 best papers had been provided cash awards.
He hoped that the Conference would become a milestone in SME development process in Pakistan, as it has brought together SME Stakeholders on one platform, which is not merely confined to an annual conference, but is to, continuously provide an opportunity to stakeholders from across the SME spectrum to interact, engage and develop solutions that can serve as foundations for catalysing SME growth in Pakistan.
CEO SMEDA thanked UMT for its strong cooperation in organizing the conference as a major partner and also acknowledged the support from University of Lahore, AMDIP, George Mason University, UNIDO, SPX Pakistan, Investment Promotion Unit, BCNED, for being partners in this conference.
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