SMEs possesses potential to change economic fate

Our Correspondent

Lahore

The recommendations emerged from research work of the 2n SME Conference would be considered while framing the new SME Policy. It was stated by Ghulam Murtaza Khan Jatoi, Federal Minister Industries and Production while addressing closing session of the two-day International SME Conference organized by the Small and Medium Enterprises Development Authority (SMEDA) in partnership with University of Management and Tehnology (UMT) at a local five-star hotel.
Closing session of the conference was also addressed by Sher Ayub, Chief Executive Officer of SMEDA, Dr Shahid Amjad Chaudhry, Chairperson, Association of Management Development Institutions in Pakistan, Prof. Awais Raoof, Chairman, University of Lahore and Prof. Robert F. Wheeler, Dean School of Business and Economics UMT.
Federal Minister, admitted that research is the first step for policy formulation. “We want to create an environment where there should be an extensive research base, which should subsequently aid policy makers for facilitating the small and medium enterprises though evidence based policies”, he said. He acknowledged that SMEs had the potential to change economic fate of the country if supported with the pragmatic policies. He appreciated SMEDA to bridge the wide gap existing in Pakistan industry-academia linkage by holding national and international SME Conferences in collaboration with higher education institutions. He expressed confidence that such linkages would not only encourage SMEs-based research, but also

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