Small and Medium Enterprises Development Authority (SMEDA) Consultant Engineer Muhammad Aamir Qureshi Saturday said the Authority would help the SME sector adopt successful business model to give a quantum jump to the industrial production with a focused approach to enhance innovative and diversified exports.
Addressing an awareness session at the All Pakistan Bedsheets and Upholstery Manufacturers Association (APBUMA) here, he said that Pakistani exports were entirely dependent on textile, which was 65% of its total exports, whereas in other countries, the share of textile was hardly 2.5%.
Other countries have successfully diversified their export base to absorb any untoward economic shock or upheaval, he said and added that in order to facilitate the SME sector, the government had launched an innovative scheme to encourage individuals or SMEs with limited financial resources.
He said that entrepreneurs including women up to the age of 50 years could get a grant of Rs 0.5 million to start their own businesses in which they have already experience or expertise.
