LAHORE - Leader of Pak Corporate Sector delegation, currently attending 4th World Islamic Economic Forum (WIFE) at Kuwait, Tariq Sayeed Wednesday stressed the need for promotion of SMEs to help alleviate poverty and generate ample job opportunities. According to an e-mail, Tariq Sayeed, who is also President SAARC Chamber of Commerce and Industry, on this 3-day moot addressed a parallel session on SMEs which was inaugurated by Emir of the state of Kuwait, Sheikh Sabah Al Ahmad Al-Jaber Al-Sabah. While giving an overview of Pakistan and the SAARC region, Sayeed exchanged his views related to the role of SMEs in providing productive employment and earning opportunities. He said that SME expansion boosts employment more than large firm growth because SMEs are more labour intensive. From this perspective, subsidizing SMEs may represent a poverty alleviation tool, thus direct government support of SMEs will help countries exploit the social benefits from greater competition and entrepreneurship, he added. The session was chaired by Dr Atef Obaid, former Prime Minister of Egypt, and was also addressed by Tanri Abeng, Chairman and Founder, Executive Centre for Global Leadership and the former State Minister of Indonesia. Earlier this morning, the inaugural session was attended and addressed by the dignitaries like King Abdullah II of the Hashemite Kingdom of Jordan, Abdulaye Wade, President of Senegal & Chairman, OIC, Hamid Karzai, President of the Islamic Republic of Afghanistan, Dr Haris Silajdzic, President of Bosnia and Herzegovina Republic, Tun Musa Hitam, Chairman, WIFE and former Deputy Prime Minister of Malaysia. Later, Sheikh Nasser Al-Mohammed Al-Sabah, PM, Kuwait, Sheikh Khalifa bin Salman Al Khalifa, PM Kingdom of Bahrain, Guillaume Kigbafori Soro, PM Cote Divoire, Dr Ahmed Mohamed Ali, President, Islamic Development Bank shared their views concerning the Islamic countries in a competitive world at the leadership panel of WIFE. Tony Blair, former Prime Minister of United Kingdom and Mr Bob Hawke, former Prime Minister of Australia addressed the evening sessions on the role of investment in poverty reduction and the concluding session will be addressed by the H.E Dato Seri Abdullah Ahmad Badawi, Prime Minister of Malaysia.