Small and Medium Enterprises Development Authority to facilitate SME financing in collaboration with British Department for International Development

Lahore, March 06, 2013 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA) will facilitate SME financing in collaboration with British Department for International Development (DFID), who has sought cooperation from SMEDA to implement its SME development initiatives in Pakistan.

A 4-member delegation from DFID discussed scope of mutual collaboration with CEO SMEDA Sardar Ahmad Nawaz Sukhera at a meeting held at SMEDA head office.

The delegation included Mr. Jan Wimaladharma, Team Leader and Senior Private Sector Development Advisor, Mr. Roland V. Pearson, Jr., Financial and Private Sector Development Expert based in Washington, DC, Mr. Waqas ul Hasan, Private and Financial Sector Development Advisor and Mr. Sohail Wajid, Program Manager of DFID.

Whereas, CEO SMEDA was accompanied by Mr. Sultan Tiwana, General Manager Business & Sector Development Services, Mr. Khurram Khan, General Manager, Central Support Division and a number of the other senior officials of SMEDA on this occasion.

The visiting delegation told that DFID was running financial inclusion program for support of the micro enterprises in Pakistan.

They informed that DFID authorities were interested to extend this program till the year 2015 moving its focus to SME sector. They invited SMEDA to join hands with DFID for development and implementation of such program for benefit the local SMEs.

Earlier, CEO SMEDA welcomed the delegation and gave a presentation on services, projects and future plans of SMEDA. He said that a move to strengthen relationship with international donor agencies was already underway at SMEDA.

SMEDA was collaborating with a number of international development agencies like JICA, GTZ and UNIDO to provide local SMEs with technical and financial services, he said. With regard to financial services, he referred to a recent project undertaken by SMEDA for revival of SMEs in KP & FATA.

He informed that funding for this project was arranged by World Bank through EU. The project has been concluded so successfully that World Bank has invited SMEDA to get involved in its next program of the same nature, he added.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. & 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

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