Lahore, February 27, 2014 (PPI-OT): Small and Medium Enterprises Development Authority (SMEDA) Website “www.smeda.org.pk” has been ranked as the number one website of the government of Pakistan bagging 10 million downloads of the business advising information for Prime Minister’s Youth Business Loan Scheme.
It was disclosed by Sardar Ahmad Nawaz Sukhera, Chief Executive Officer, SMEDA today at a media briefing. The briefing was also attended by senior officials of SMEDA including Mr. Sultan M. Tiwana, Dr. M. Nasir Khan Ghauri, Dr. Naeem Rauf, Mr. Alamgir Chaudhry, Mr. Hassanien Javed, Ms. Nadia Jahangir Seth and Mr. Salman Khalid.
CEO SMEDA further informed that in a short span of 4 months, the global rank of SMEDA Web Portal had improved from 505,686 to 42,088. SMEDA, in line with its mandate, is playing a key role in spurring entrepreneurship development in the country, especially focusing on youth, he said adding that nurturing entrepreneurship among youth through providing means and resources for converting ideas and skills into commercial ventures is therefore, a key priority.
In this regard, to support new enterprise creation, SMEDA has developed business information resources and tools that are available, free of cost at SMEDA web portal, he said and informed that these include 56 pre-feasibility studies in Engineering and Manufacturing, Information Technology, Agriculture, Agriculture and Fruit Processing, Livestock, Food, Services and Minerals sectors, that provide valuable information on setting up a particular business including finance (investment and returns), production and operations, marketing, human resources etc.
CEO SMEDA informed that the pre-feasibility studies are available in both English and Urdu, the purpose of which is to provide guidance and information to loan applicants for starting a particular business. To facilitate loan applicants, SMEDA has also developed a number of information and advisory tools and resources.
These include, Frequently Asked Questions (FAQs), Financial Calculators for Loan Repayment, Balance Sheet, Income Statement, and Cash Flow Statement, Business Plan Template and Guidelines and seven Training Videos Documentaries on various aspects of business.
Mr. Sukhera said, “in order to build an entrepreneurship eco-system in Pakistan, SMEDA has also provided assistance and support to the existing public sector organizations to re-orient their efforts towards facilitating new enterprise creation”.
In this regard, the Ministry of Industries and Production’s web portal has been re-vamped to serve as an information hub for new and existing businesses. Furthermore, websites of the sector-development-organizations falling under the purview of the Ministry of Industries and Production have also been aligned to facilitate and provide support for strengthening an entrepreneurial culture in Pakistan, he added.
For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Fax: (042) 6304926
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