SMEDA plans to create 25million jobs in five years

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Chief Executive Officer (CEO) Small Medium Enterprises Development Authority (SMEDA) Sardar Ahmed Nawaz Sukhera on Monday unveiling five-year business plan of the authority said that 25 million people would get jobs opportunities from 2013 to 2018 under it.

He told a high level meeting here at Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) that the GDP would further be increased from $ 73.95 billion to $ 193.50 billion.

He informed that measures would be taken to improve the strength of SMEs up till 2 million and ensure country’s exports up till $ 54.20 billion.

Speaking on the occasion, President KPCCI Dr Muhammad Yousuf Sarwar lauded the five-year business development plan and called for implementation of the plan in letter and spirit. 

He mentioned that USA, China, Japan, Indian, Malaysia, Turkey and Bangladesh had given special attention to SMEs and put their economy on the path of progress and prosperity.

He deplored that unfortunately Pakistan did not give as much privileges to SMEs as it deserves as a result of which the small, medium business could not flourish.

He said SMEs are facing various challenges in Khyber Pakhtunkhwa including certain complications by banking sector. He proposed that SMEDA in collaboration with State Bank and Commercial banks should have to introduce incentives for SMEs in KP for economic uplift in the province.

CEO SMEDA Sardar Ahmed Nawaz assured the KP chamber that SME sector would be strengthened in the province, adding that many important recommendations had been made in five-year business development plan for development of tourism, energy, construction, light engineering, mineral and logistic sectors.

Chairman Research and Development Standing Committee KP Chamber Ghulam Sarwar Khan, Member Board of Directors SMEDA Adil Rauf, Acting MD Bank of Khyber Javed Hashmat, Provincial Chief SMEDA Javed Khattak, representative of Punjab SMEDA Raja Hasnain and Senior Vice President Chamber Malik Iftikhar Ahmed Awan also addressed to the meeting and gave their valuable suggestions.