PPI Original Text (PPI-OT) – A substantial amount of foreign exchange can be saved by involving local Small and Medium Enterprise Development Authority

Lahore, May 16, 2012 (PPI-OT): A substantial amount of foreign exchange can be saved by involving local SMEs in the defence production. It was observed by Mr. Muhammad Basharat Raja, Advisor to the Prime Minister on Industries while addressing a seminar arranged by the Small and Medium Enterprises Development Authority (SMEDA)’s project; SME Subcontracting Exchange (SMX).

Mr. Yousaf Naseem Khokhar, Chief Executive Officer SMEDA presented address of welcome on this occasion. Malik Zaheerul Haq, President GCCI, Mr. Nasir Khan Ghauri GM Policy and Planning Division of SMEDA and Mr. Ken, Japanese Commercial Attaché also addressed the seminar.

Mr. Basharat Raja speaking as Chief Guest of seminar appreciated the efforts made by SMEDA for exploring new business opportunities for SMEs in the defence production. He was confident that the exhibition and seminar organized by SMEDA at Gujranwala shall be able to create a strong foundation in this regard. He assured to extend all possible support of government to undertake its development endeavours.

Responding to the issues raised by GCCI regarding viability of the industry, replied that the energy crisis was the most priority agenda before present government. He said that multiple options were being considered to overcome the energy crisis in the country.

Earlier, Mr. Yousaf Naseem Khokhar, CEO SMEDA while delivering address of welcome to chief guest and the general participants of the seminar, said that SMEDA was striving hard to maintain sustainability of the SME sector despite all unfavorable indicators. He acknowledged private sector’s cooperation in achieving the difficult task of SME development.

He said that the SME Subcontracting Exchange (SMX) created by SMEDA under the SME Policy 2007 had become able to play pivotal role in networking between SMEs and the large scale industry. He hoped that the first seminar organized by SMX on Defence production will enable the local SMEs exploring new business opportunities in this potential area.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Tel: 111-111-456
Fax: (042) 6304926
Email: helpdesk@smeda.org.pk
Website: www.smeda.org.pk