SMEDA Participates in 13th Lifestyle Exhibition Organized by WCCI, Lahore

Mr. Fuad Hashim, General Manager Business and Sector Development of the Small and Medium Enterprises Development Authority (SMEDA) has urged the Women entrepreneurs to avail of SMEDA services for strengthening their role in main economic stream of the country. While addressing as Chief Guest of the last day activity of the 13th Lifestyle exhibition organized by Women Chamber of Commerce and Industry (WCCI) Lahore at a local hotel, he advised the Women Entrepreneurship Development Cell of SMEDA to work as a proactive arm of SMEDA for attracting women towards business development services.


A VIEW OF SMEDA PAVILION IN 13TH LIFESTYLE EXHIBITION ORGANIZED BYWCCI, LAHORE

Later, the GM-SMEDA took a tour of the exhibition and examined quality of the products displayed at the stalls. He appreciated that quality of both products and display of stalls had improved a lot. Ms. Tania Buttar, Deputy General Manager/In Charge of the Women Entrepreneurs Development Cell apprised the GM that SMEDA had been very instrumental in facilitating and promoting women entrepreneurs since last many years. SMEDA has sponsored 6 women entrepreneurs also at the current Lifestyle exhhition. She assured to become a proactive cell of SMEDA for reaching out to women entrepreneurs and attracting them towards SMEDA services.

Earlier, Ms. Shazia Suleman, President WCCI, Lahore, while exchanging her views with GM SMEDA expressed satisfaction over SMEDA efforts to train women on business. She acknowledged that SMEDA training programs were focused on modern needs of marketing and business development techniques. She hoped SMEDA would continue business development activities in collaboration with WCCI.

PSX inks MoUs with SMEDA and ICCI

Pakistan Stock Exchange (PSX) has signed a Memorandum of Understanding (MoU) with Small and Medium Enterprises Development Authority (SMEDA) and Islamabad Chamber of Commerce & Industry (ICCI) for mutual cooperation and to facilitate access of equity financing to SMEs.

 

SMEDA General Manager Javed Iqbal Khattak and PSX Managing Director Nadeem Naqvi signed the MoU on behalf of their respective organisations. Abid Ali Habib, Member of the Board of PSX and Raja Hassanien Javed, Provincial Chief of SMEDA (Punjab) were also present on the occasion. Form Islamabad chamber, ICCI President Khalid Iqbal Malik signed the MoU while SVP Khalid Malik and VC Tahir Ayub were also present.

Pakistan Stock Exchange is finalising the launch of its Small and Medium Enterprises (SME) Board – a platform for SMEs to raise equity capital to fund their growth and expansion needs. A public company with post issue paid up capital of not less than Rs25 million and not more than Rs200 million is eligible to get listed on the SME Board. To promote the SME sector and to encourage SMEs to get listed on the SME Board, PSX has endeavoured to make the listing procedure simple and easy. To reduce listing cost, listing fees of the Exchange have been capped at Rs50,000.

During the MoU signing ceremony both SMEDA and PSX representatives agreed that there is a dire need to promote small and medium businesses’ growth in Pakistan as these account for 80 percent of non-agricultural labour force while their ability to access bank financing is usually very limited, primarily due to high collateral requirements. A core objective of the MoU is to generate awareness amongst SME’s regarding the benefits of listing in terms of not just obtaining financing for growth but also to create proper corporate structure for long term business sustainability, improved branding, have greater credibility with buyers and suppliers and importantly, managing and growing family wealth in a manner that avoids conflict within families.

At the same time, to protect investors, a number of steps have been taken by PSX. For the SME Board there will be a lock-in period on the shares of the sponsors, ie sponsors would have to retain their entire shareholding in the listed SME for one year and, for the next two years, would have to retain at least 25 percent of the paid up capital of the SME.

The SME would have to prepare periodic financial statements and have them audited by a QCR rated chartered accountant firm and conform to simplified corporate governance requirements.

SMEDA has developed a new Research Report on "Cheese: Value Added Dairy Product - Prospects for Pakistan"

Pakistan ranks among top five milk producing countries globally. Dairy and livestock sector consists of approximately 80 million heads of cows and buffaloes and 100 million heads of sheep and goats, producing 53 million tons of milk besides producing other products such as meat, skins etc. Livestock sector contributes almost 58.6% of the value added products in agriculture and 11.6% to the GDP which depicts high growth in agriculture is expected to be led by the dairy and livestock sector. Within the livestock sector, milk is the most important commodity with demand growing at 10-15% annually, yet production increasing by only 3–4% per annum. Due to the milk supply gap of 3.5 billion litres in 2015-16, value added products such as cheese, butter and powdered milk are being imported to meet rapidly rising domestic demand. 

Despite the fact that Pakistan’s ranking is amongst the highest in the region and the world, the country has not been able to make efficient use of resources to fill up its demand and supply gap for dairy value added products, hence the focus is on import of these products rather than exporting to the world market. Some of the main reasons for the gap are efficiency losses in production, lack of awareness in farmers and producers communities for increasing milk yield, limited integration within the dairy value and supply chain, policy issues and resource constraints to implement initiatives at macro level. 

Development of the integrated dairy sector to produce value added products such as butter, whey, yogurt, cheese etc., compliant with international food safety standards is important to enhance trade opportunities for Pakistan in the global market for export. Similarly, by exploiting the potential and producing value added products within country may reduce import of these products from the world. 

This study aims to highlight supply and trade related information in different categories of cheese only. An assessment of Pakistan’s cheese production and trade structure has been conducted in consultation with the stakeholders in the public and private sectors to evaluate the performance of the sector, applicability and relevance of the existing situation to foster growth and obtain viable investment options that can be recommended to emerging as well as existing entrepreneurs and relevant institutions for inclusion in their vision and agenda.

Download the Complete Report: Cheese: Value Added Dairy Product - Prospects for Pakistan

SMEDA set up SME Pavilion in the Blue Fair held at Multan

Small and Medium Enterprises Development Authority (SMEDA) has set up an SME Pavilion by sponsoring 22 Women Enterprises in the Blue Fair organized by Women Chamber of Commerce and Industry (WCCI), Multan Division in collaboration with Trade Development Authority, Pakistan (TDAP). SMEDA Chief Executive Officer Mr. Sher Ayub Khan stated this in a press statement issued here on Monday. The SMEDA sponsored women entrepreneurs have been selected from under privileged areas of southern Punjab and Khyber Pakhtunkhawa, he said adding that out of 22 stalls, 13 have been given to women entrepreneurs of KP and 9 to Southern Punjab. He further said that the major products displayed by the women entrepreneurs at SMEDA Pavilion belong to the sectors like Textile, Leather, Interior Designing, Jewelry, hand-made embroidery, Cosmetics and Handicrafts.

CEO SMEDA said, “we continuously work with its partner organizations for exploiting marketing possibilities for WEs, including participation in various exhibitions”. The Blue Fair Multan provides a good opportunity to WEs across Pakistan by displaying their products and the Blue Fair of Multan has been an ideal platform in this regard since last couple of years, he added and acknowledged that the fair had always been an effective source for women entrepreneurs to develop contacts with buyers, other WEs in similar product lines and to get enrolled with TDAP as well as WCCI for further export development activities designed for WEs.

Meanwhile, Ms. Tania Buttar, Incharge SMEDA’s Women Entrepreneurs Development Cell informed that SMEDA Pavilion was specially visited by Mr. S.M. Munir, CEO TDAP, Mr. Zubair Tufail, President FPCCI, Mr. Atta-ur-Rehman, VP, FPCCI, Mr. Khawaja Jalal-ud-Din Rumi, President MCCI, Mr. Iftikhar Ali Malik, Vice President SAARC Chamber, Ms. Masooma Sabtain, VP, FPCCI and Ms. Filza Shah, S.V.P WCCI-MD MS. They all appreciated SMEDA efforts and support to chambers nationwide. They admired role of SMEDA in promoting entrepreneurship among women of the country. Later, they took a round of the stalls set up in the SMEDA Pavilion and examined the products displayed over there.

It is notable that one of the stalls of SMEDA Pavilion has been furnished as a facilitation center for the exhibitors, which is bearing information on SMEDA’s current initiatives including Prime Minister’s Youth Business Loan, Women Business Development Centers and the business development services available at SMEDA. A large number of the women entrepreneurs have visited the SMEDA’s facilitation Center as well.

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