"United Against Corruption for a Prosperous Pakistan"

Home About US News SMEDA asked to identify high-potential sectors of SMEs

SMEDA asked to identify high-potential sectors of SMEs

Advisor to Prime Minister on Commerce, Textile, Industry, Production and Investment Razak Dawood has directed the Small and Medium Enterprises Development Authority (SMEDA) to identify high-potential sectors of SMEs and devise development strategies to create new opportunities for employment generation and export promotion in the country.

He was talking to the SMEDA officials during a briefing session. He also advised them to develop strategies to offer equitable business prospects for all provinces of the country. The mineral sector in Baluchistan and the tourism sector in Khyber Pakhtunkhwa should be focused exclusively for development on modern lines, he added.

Razak Dawood said that SMEDA has an important role to play in achieving economic agenda of the government. He directed the SMEDA officials to develop viable policy proposals to help SMEs access finance, technology up gradation and also provide support for creating market linkages. To lay down realistic policies for SMEs, he asked SMEDA to review the number of SMEs location-wise across the country and also revisit the definition of SMEs in consultation with eminent economists and stakeholders of the SME sector.

Earlier, SMEDA Chief Executive Officer Sher Ayyub Khan apprised the Advisor of services, products and projects undertaken by SMEDA for SME promotion. He said SMEDA had facilitated an investment of over Rs 29.73 billion during the last decade through handholding of SMEs and up-gradation of existing SME clusters by providing them common facility centers financed through the Public Sector Development Program.

Through interaction with SME sector stakeholders, SMEDA had identified certain potential clusters of SMEs which were unable to tap export market despite surplus production due to unavailability of modern technology. He also shared details of the Agro Food Processing Facility Multan set up for producing mango pulp and Sports Industries Development Center, Sialkot, which had been set up to produce world class mechanized sports balls. He shared that the common facility centers set-up by SMEDA were providing the local clusters with access to technology and training to develop a new breed of skilled labour.

Follow Us