FLASHNEWS:

Korea-Pakistan Industrial Collaboration Forum-2022 recommends Joint Ventures in SME Sector

Lahore, May 18, 2022 (PPI-OT):Korea-Pakistan Industrial Collaboration Forum-2022 organized by Korean Trade and Investment Agency “KOTRA” in collaboration with Small and Medium Enterprises Development Authority (SMEDA) and PAAPAM has urged to enhance joint ventures between Pakistan and Korea in SME sector. It was informed by Mr. Hashim Raza, CEO SMEDA in a meeting with the local SMEs. He told that the Korean Ambassador Sung Sangpyo has advised Korean development agencies including KOTRA AND KOIKA to enhance coordination with SMEDA for this purpose.

Earlier CEO SMEDA Mr. Hashim Raza, while giving a detailed presentation on SMEDA’s SME development initiatives including PSDP Projects and the new SME policy at Korea-Pakistan Industrial Forum-2022 informed that during last 15 years SMEDA had invested Rs. 6.946 billion under PSDP to establish 35 common facility centers for SME development across the country. He told that new SME Policy had paved the way for easy trade and investment in SME sector.

The SME Policy has reduced the regulatory burden with simplified taxation system and increased access to finance for SME sector, he said and added that ICT, Tourism, Horticulture, Construction, Fisheries, Livestock, light engineering, Minerals, Leather, Logistics and Textile industries have a vast scope for joint ventures in the SME Sector. He invited Korean investors and development agencies to focus on the given areas. He also acknowledged the cooperation of KOTRA and KOICA with SMEDA for boosting up knowledge and technology in SME sector. The Korea knowledge sharing program (KSP) 2014-15 have added value to the SME development strategy of Pakistan, whereas the KPS implemented in 2020-21 have supported in GVC of Automotive Industry in Pakistan, he said.

H.E. Sung Sangpyo, Ambassador of Korea, Mr. Kim Haksung, Korean Consul General, Karachi, Mr. Sung Jae Kim, Director General KOTRA Karachi Office and a number of the CEOs of private sector companies including Mr. Sajjad A.K. Tareen, Mr. Usman Sheikh and Dr. Naveed Arshad also addressed the forum.

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