Gilgit-Baltistan:SMEDA Finalized New SME Development Plan

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LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has finalised its new SME Development Plan comprising 13 potential sectors targeted to create 10.14 million new jobs during next five years.

The plan was reviewed by Zafar Mahmood, Federal Secretary Ministry of Industries in a meeting held at SMEDA head office on Tuesday. SMEDA Chief Executive Officer Sardar Ahmad Nawaz Sukhera briefed the Secretary that 13 sectors, having wider scope for creation of new employments and investments with high growth potential to integrate into global supply chain, had been selected for the plan. The sectors include information technology, construction, dairy & livestock, energy, tourism, minerals, horticulture, engineering, leather, textile, fisheries, logistics and tourism. These sectors have fair representation across the country ensuring equitable SME development in Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa, Fata, Gilgit-Baltistan and Azad Jammu and Kashmir.

The Secretary was further informed that the plan will be followed up by a parallel strategy for promoting entrepreneurial culture in the country by encouraging youth, especially the young educated women, to join SME sector as active partners to the national economy.

For instance, there are 0.20 million new women entrepreneurs in the country at present creating 0.16 million jobs only. Whereas, the successful implementation of SMEDA strategy will raise the number of new women entrepreneurs up to 0.35 million with creation of 0.60 million jobs within five years.

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