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Bulgaria is keen to strengthen trade and investment relations with SMEs of Pakistan

Lahore, December 24, 2020 (PPI-OT): Bulgaria is keen to strengthen trade and investment relations with SMEs of Pakistan. Mr. Boyko Takov, Executive Director of Bulgarian SME Promotion Agency (BSMEPA) at a meeting with Mr. Hashim Raza, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA), on Zoom, discussed various initiatives to materialize the bilateral trade and joint ventures in multiple areas of the SME sector. There is a vast scope of joint ventures between Pakistan and Bulgaria in the fields of Information Technology, Technical Skills, Training, Education, Tourism and Surgical industry, he said and informed that his agency had planned to bring a trade delegation of Bulgarian SMEs to Pakistan for enhancing business collaborations with Pakistan.

Earlier, CEO SMEDA Mr. Hashim Raza expressed deep gratitude to the BSMEPA Executive Director and assured of the fullest cooperation on behalf of SMEDA for enhancing mutual cooperation in the SME sector. He identified a number of potential areas of bilateral trade and investment between SMEs of Pakistan and Bulgaria. He welcomed the idea of bringing Bulgarian SMEs to Pakistan and assured to make this delegation result-oriented in developing joint ventures and enhancing bilateral trade between the two countries. He observed that frequent exchange of SMEs’ delegations between Bulgaria and Pakistan could create new avenues of bilateral trade in SME sectors of both the countries.

It is notable that total trade volume between Pakistan and Bulgaria remained at $34.78 million in fiscal year 2018-19, which has massive potential to increase manifold through collaboration of SMEs in both the countries and the Bulgarian SMEs Delegation to be vising Pakistan in the near future will create a strong foundation in this regard.

For more information, contact:
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No.3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore, Pakistan
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7
Email: aligohar@smeda.org.pk, helpdesk@smeda.org.pk
Website: www.smeda.org.pk