Economic relations with China should also be exploited to build new export markets: Asad Umar

Lahore, April 05, 2017 (PPI-OT): The economic relations with China should also be exploited to build new export markets for Pakistani products in Chinese areas around Pakistan’s borders. It was stated by Mr. Asad Umar, Chairman of the National Assembly’s Standing Committee on Industries and Production while presiding over the Committee’s 25 meeting today at SMEDA Head office.

The meeting was attended by members of the Committee including Mr. Muhammad Asim Nazir, Sardar Mansab Ali Dogar, Syed Muhammad Asghar, Mr. Qaisar Ahmad Sheikh, Chaudhry Riaz-ul-Haq, Rana Muhammad Qasim Noon, Mr. Muhammad Muzammil Qureshi, Ms. Sajida Begum, Maulana Muhammad Gohar Shah and Mr. Abdul Hakeem Baloch. Mr. Sher Ayub, CEO SMEDA and Ms. Razia Sultana, Secretary of the Committee were also present on this occasion.

Chairman of the Committee advised SMEDA to conduct a study on the potential existing in Chinese markets for Pakistani products. He suggested to have partnership with some Chinese research organization or a reputable university of China. He observed that the Chinese areas existing around Pakistan borders could be the potential export market for Pakistan and research should focus on such areas for demand and competitiveness of Pakistani products.

Mr. Asad Umar evinced keen interest in impact analysis of SMEDA initiatives on economic development of Pakistan. He directed SMEDA management to prepare an exclusive presentation on outcome of SMEDA services extended to the SME sector since last two decade and desired to scheduled next meeting of his committee specially for reviewing the presentation. He also wanted to include details of the projects to be conducted by SMEDA under PSDP.

Earlier, Mr. Sher Ayub, CEO SMEDA welcomed the NA Committee and gave a briefing on performance of SMEDA. He apprised about the initiatives taken both at micro and macro level for development of SMEs in the country. He told that SMEDA’s feasibility studies and business plans had helped to start up a number of the new SMEs in Pakistan. He said despite very low budget and limited human resource, SMEDA had helped the existing SMEs reduce their hurdles and done handholding of the new SMEs to start up.

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
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7

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