SMEDA unveils report about flood impact on SMEs

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Small and Medium Enterprises Development Au-thority (SMEDA) on Monday unveiled its prelimi-nary assessment report on impact of recent floods on SMEs (Small and Medium Enterprises).

SMEDA Chief Executive Officer (CEO) Hashim Raza, while addressing the launching ceremony of the Report, disclosed that 197,658 economic estab-lishments have been affected by floods across the country bearing an estimated loss of US$ 5.3 bil-lion. Presidents of the Chambers of Commerce and Industry from Quetta, Dadu, DG Khan and Swat also addressed the launching ceremony via internet.

He said that recent flood in Pakistan was one of the worst natural disasters in the country’s history. More than 33 million people or 14 percent of the country’s total population has been affected by floods and heavy rains that have hit more than 90 of the 160 districts of the country.