Islamabad: The USAID Small and Medium Enterprise Activity (SMEA) formally launched its Business Development Services (BDS) Program for Pakistani small and medium enterprises (SMEs) on the occasion of the first Micro, Small, and Medium-sized Enterprises Day 2018 in Islamabad
The BDS Program will support the growth of SMEs in the information and communications technology (ICT), hospitality, and other key sectors by helping them improve their financial and operational performance.
“USAID is committed to assisting small- and medium-sized businessesin Pakistan. Through today’s launch of SMEA’s BDS Program, the project will assist enterprises become more competitive and help create more rewarding business opportunities,” said Mary Hobbs, Director, Economic Growth and Agriculture Office, USAID.
Joint Secretary Investment and Facilitation, Ministry of Industries and Production Mr.ZararHaiderexpressed appreciation for USAID’s efforts to support economic growth initiatives in Pakistan.
Under USAID SMEA’s BDS Program, enterprises will receive customized assistance to help them gain key technical skills and certifications, improve their understanding of and access to markets, increase access to finance, and streamline their production and management processes.
USAID’s five-year Small and Medium Enterprise Activity is supporting Pakistan in SME-led economic growth that will help create jobs, foster entrepreneurship, and contribute to an increased GDP.
The project is also working towards improving the business enabling environment for private- sectorled economic growth and provides funding opportunities for startups and SMEs through grant programsunder its Challenge Fund.
Published in Daily Times, June 30th 2018.
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