LAHORE: Special initiatives would be taken to expand outreach of the Small and Medium Enterprises Development Authority (SMEDA) throughout the country for equitable development of SME sector.
It was stated by Mr. Aziz Ahmad Bilour, Federal Secretary Industries at meeting with senior management of SMEDA on Monday at SMEDA head office.
Syed Iqbal Anwar Kidwai, General Manager Operations & Outreach, Mr. Muhammad Hashim Tareen, GM Central Support, Mr. Bakhtiar Khan, GM Policy planning and Mr. Muhammad Alamgir Chaudhry, Provincial Chief SMEDA Punjab attended the meeting along with Deputy General Managers of their divisions.
The Federal Secretary appreciated performance of SMEDA and assured to extend his support in meeting needs of the organization to accelerate the pace of SME development in the country. He said that government of Pakistan was committed to curb poverty and unemployment in the country, for which growth of small and medium enterprises was essential.
The Secretary observed that an easy access to finance was the utmost need of SMEs that required an effective mechanism supported with a conducive policy environment at government level. However, he advised SMEDA to focus special attention to promote value addition and brands development in SME sector.
Earlier, Syed Iqbal Anwar Kidwai, GM Operation & Outreach, giving a presentation to the Secretary on services, projects and organizational structure of SMEDA, informed that SMEDA had undertaken about 19 Public Sector Development Projects worth Rs.2.176 billion across the country, apart from devising sector development strategies and providing Business Development Services to SMEs.
In reference to a recent report compiled by the World Bank, the Federal Secretary was told that Pakistan was the only country spending the lowest budget on SME development. Whereas, the country like Brazil is spending $ 7.24 per capita on its SME agency compared to Pakistan’s one cent per capita spent on SMEDA.