SMEDA to initiate dialogue for seeking funds for SME development from multinational companies

Karachi: The Board of Directors (BOD) of Small and Medium Enterprises Development Authority (SMEDA) in its 12th meeting resolved to initiate dialogue for Corporate Social Responsibility (CSR) with Multinational Organizations (MNOs) to solicit funds for SME development in Pakistan and nominated its private sector representative Zulfikar Thaver to approach the MNOs for collaboration.

Muhammad Alamgir, General Manager, Policy & Planning Division, SMEDA provided useful information and assistance to Zulfikar Thaver of Union of Small and Medium Enterprises (UNISAME) and member BOD SMEDA and outlined CSR initiatives for the promotion and development of the sector. He suggested that CSR provides interesting projects that can be looked into and projects can also be drawn out and especially designed for Pakistan in cooperation with MNOs and even our own organizations. A good first step for initiating the process could be to identify a list of potential stakeholders, who already, on their own have been undertaking CSR at a local level. Discussions with them can identify new opportunities for project design and from thereon, negotiation with larger businesses to put in action. There are numerous other resources as well that can be tapped into for undertaking socially responsible initiatives for SME development. Another potential area which can be explored for CSR is to tap the banking sector for undertaking CSR projects. This not only provides a win-win situation for target beneficiaries, but also gives the bank more visibility as well as new potential clients he suggested.

Thaver said that UNISAME has approached various MNOs and has received positive response for collaboration with SMEDA and UNISAME volunteers and is confident of promoting the sector scientifically with latest technology.

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