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SMEDA, EDB urged to develop power generation projects

Deputy Prime Minister Chaudhry Pervaiz Elahi said that the present government was striving to resolve the energy issue on an urgent basis. Presiding over the thirteenth meeting of the Small and Medium Enterprises Development Authority (SMEDA) with the board of directors on Monday, he supported a proposal for close coordination between SMEDA, SME Business Support Fund and the SME Bank, who were performing similar functions as different entities.

The meeting was attended by additional secretary Federal Ministry of Industries Agha Anadem, joint secretary Ministry of Finance Shafqat-ur-Rehman Ranjha, Zulfiqar Thaver, Abdul Nasir Kasi, Akram Malik and Khurram Khan, who conducted the meeting as acting CEO SMEDA and executive secretary to the board.

Elahi advised SMEDA and the Engineering Development Board (EDB) to develop small and medium level power generation projects. He asked the Ministry of Industries to arrange a separate meeting to develop this proposal into a working mechanism. He was confident that joint collaboration of the three organisations could be beneficial for the development of the SME sector.

Moreover, Elahi called upon the SMEDA management to expedite the process of filling the vacant post of provincial chief in the SMEDA Quetta office. Reviewing a SMEDA project for the early recovery of small business at the union council level, Elahi observed that the grant being disbursed for this purpose was insufficient. He advised SMEDA to increase the rate of this grant from Rs 30,000 to Rs 60,000 per SME in the next budget.

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