Chief Executive of Small and Medium Enterprises Development Authority proposed to interlink “Pakistan Go Global” Project with SMEDA’s SME Development initiatives
Lahore, August 26, 2019 (PPI-OT): Mr. Fuad Hashim Rabbani, Chief Executive of the Small and Medium Enterprises Development Authority (SMEDA) has proposed to interlink the “Pakistan Go Global” (PGG) Project with SMEDA’s SME Development initiatives. At a meeting with the World Bank Officials on the PGG Project’s design and modalities, he said that SMEDA had been mandated by the Government to promote entrepreneurship in the SME sector. The World Bank’s current project; PGG will help the organization further strengthen its initiatives to make Pakistani SMEs more competitive and export ready, he said and agreed to extend support services of SMEDA to equip the local SMEs with internationally recognized managerial practices for becoming accredited suppliers to the international buyers.
The World Bank Team leader Ms. Adja Mansora expressed confidence on SMEDA’s capabilities on SME development program and hoped that the activities to be undertaken in collaboration with World Bank would help execute the PGG project amicably. She discussed various proposals with regard to the joint activities in this regard and said that the Program would be conducted, in its first phase, as a sector agnostic pilot intervention targeting a select number of exporting firms.
She told that the Government of Pakistan was engaged with the World Bank to implement “Pakistan Goes Global” project that aims to enhance Pakistan’s export and SMEDA has been proposed to undertake the component that entails ‘Capacity Building of SMEs’ to make them export capable. It is notable that the PGG initiative is being designed on national level where a significant number of SMEs will benefit from the program, which would also involve cluster and sector development initiatives.
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Small and Medium Enterprises Development Authority (SMEDA)
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