Small and Medium Enterprises (SME) sector has a huge potential to create employment and investment opportunities in Pakistan.
This was said by Nihal Pitigala, team leader of United States Agency for International Development (USAID) experts on Asia Middle East Economic Growth Project at a meeting with Sardar Ahmad Nawaz Sukhera, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA).
Pitigala informed that the USAID had deputed a team of economic experts to assess industrial sectors in Pakistan those had a potential for future growth and investment.
The agency was interested in industries that could create new jobs and increase incomes of firms and entrepreneurs in the provinces of Sindh and Punjab , and the two provinces were important for large urban population that could benefit from future donor assistance programmes to be launched by USAID for addressing urban poverty issues, he added.
SMEDA Chief Sardar Ahmad Sukhera welcomed the guest and apprised him about the five year business plan to be developed by SMEDA for future SME development initiatives.
The plan, he said, was focused on creating new jobs and investment opportunities. He assured of SMEDA assistance in the initiatives to be taken by USAID for SME development in Pakistan.
