KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda will be presiding over Small & Medium Enterprises Activity (SMEA) on December 19, 2019 Wednesday (Tomorrow) being organized jointly KCCI and United States Agency for International Development (USAID).
According to a statement issued, USAID SMEA is a five-year project that is supporting Pakistan in SME-led economic growth to help create jobs, foster entrepreneurship and contribute to increased GDP.
As a part of the United States Government’s long-term commitment to helping Pakistanis secure a more prosperous future by increasing household incomes and employment, nurturing competitive small and medium enterprises (SMEs), expanding trade and investment, and creating more rewarding business opportunities, SMEA is working towards improving the enabling environment for private sector-led growth.
Working closely with the federal and provincial governments, the project is providing technical support to help revise SME and investment policies, and build the capacity of institutions to implement these policies.
SMEA is improving the financial and operational performance of competitive Pakistani SMEs in economic sectors such as ICT, hospitality, logistics, light engineering, minerals, textiles, and agri-business and processing, including targeted support to women-owned/operated businesses.
The project’s strategy entails reaching out to SMEs and supporting those with the strongest potential for growth. These SMEs are receiving customized assistance to help them access finance, streamline their production and management processes, obtain certifications, and expand access into lucrative domestic and export markets.
KCCI’s platform has been particularly selected for the SME Activity as it is a strong platform representing a significant proportion of Small & Medium Enterprises operating in Karachi so KCCI’s members could know the details about SMEA. President KCCI requested the members to densely attend the SME activity so that they can avail the benefits of the project resulting in creation of new jobs, increased revenues, and an increase in exports among project-supported enterprises.
