A World Bank mission led by Senior Private Sector Specialist call on Chief Executive Officer of Small and Medium Enterprises Development Authority
Lahore, August 23, 2019 (PPI-OT): A World Bank mission led by Ms. Adja Mansora Dahourou, Senior Private Sector Specialist called on Mr. Fuad Hashim Rabbani, Chief Executive Officer of the Small and Medium Enterprises Development Authority to discuss design and modalities of the Pakistan Goes Global (PGG) Project in cooperation of the World Bank. The meeting held on this occasion was also attended by SMEDA’s senior management team comprising General Managers Mr. Javed Khattak, Ms. Nadia Jahangir Seth, Mr. Sheharyar Tahir, Mr. Ahmad Mansoor Chaudhry and Mr. Ashfaq Ahmad.
CEO SMEDA Mr. Fuad Rabbani briefed the World Bank team about the measures planned by SMEDA to assist in individual and sectoral development of SMEs under the PGG project. He proposed the interlinking of the program with SMEDA’s other SME development initiatives to introduce Synergy in the upcoming World Bank’s project.
CEO SMEDA said that his organization had been mandated by the Government to promote Entrepreneurship and SME development and that the World Bank’s current project will help the organization further strengthen its initiatives to make Pakistani SMEs more competitive and export ready. He agreed to extend support services of SMEDA to equip the local SMEs with internationally recognized managerial practices for becoming accredited suppliers to the international buyers.
The World Bank Team leader Ms. Adja Mansora expressed confidence on SMEDA’s capabilities on SME development program and hoped that the activities to be undertaken in collaboration with World Bank would help execute the PGG project amicably. She discussed various proposals with regard to the joint activities in this regard and said that the Program would be conducted, in its first phase, as a sector agnostic pilot intervention targeting a select number of exporting firms.
It is notable that the Government of Pakistan is currently discussing “Pakistan Goes Global” project with the World Bank that aims to enhance Pakistan’s export and SMEDA has been proposed to undertake the component that entails ‘Capacity Building of SMEs’ to make them export capable. The PGG initiative is being designed on national level where a significant number of SMEs will benefit from the program, which would also involve cluster and sector development initiatives.
For more information, contact:
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
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Category: General Business News