SME Awareness Session

Business News English

Lahore, March 03, 2021 (PPI-OT): The nation cannot achieve the goal of economic prosperity without bringing entrepreneurship revolution in the country. It was stated by Mr. Hashim Raza, Chief Executive Officer, of the Small and Medium Enterprises Development Authority (SMEDA) while addressing a joint awareness session of the Punjab Union of Journalists and the Lahore Press Club. Mr. Qamar Zaman Bhatti, President PUJ and Mr. Arshad Ansari, President Lahore Press Club also addressed the session. Mr. Zahid Chaudhry, Secretary Lahore Press Club, Khawaja Aftab, Secretary Lahore Press club and a number of the members of Governing Board and Executive members of both the organizations were present on this occasion.

Mr. Hashim told that SMEs despite contributing about 40% into GDB were provided with a share of 3% only from the formal financial resources, which is too little for the huge sector of SME comprising over 90 % of trade and industry concerns in the country. However, he said, SMEDA and State Bank with the support of government have designed a number of initiatives under the forthcoming SME policy to increase the debt share for SME sector to the maximum level. He told that SMEDA was working on its mandate of entrepreneurship development as an ongoing movement that needs support from all leading circles of intelligentsia.

Especially, the Media can play pivotal role in this movement, he said and invited the journalists’ community to join hands with SMEDA to create entrepreneurship culture in the country by enhancing the awareness among masses on business mechanism and procedures. He informed that SMEDA had launched a country-wide National Business Development Program to train the potential investors for setting up a small or medium business amicably. In this regard, SMEDA-One-Window (SOW) is the most effective tool which provides a one-stop solutions to all business requirements including registration, marketing and promotion, he added.

Later, President Lahore Press Club Mr. Arshad Ansari and President PUJ Mr. Qamar Zaman Bhatti thanked CEO SMEDA for initiating rapport with the journalists’ community. They assured of their fullest cooperation in propagating SMEDA services for promotion of entrepreneurship in the county. They suggested to apprise journalists bodies about business friendly initiatives of SMEDA so that the same may be disseminated to the public.

For more information, contact:
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No.3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore, Pakistan
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7
Email: aligohar@smeda.org.pk, helpdesk@smeda.org.pk
Website: www.smeda.org.pk

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