LAHORE - Senior Federal Minister Industries and Defense Production Chaudhry Pervaiz Elahi reviewed operational mechanism of the PSDP projects being undertaken by Small and Medium Enterprises Development Authority (SMEDA). Presiding over a meeting to be held at SMEDA head office today, the Senior Minister expressed satisfaction over transparent and smooth execution by SMEDA for the projects funded through Public Sector Development Program

From Federal Ministry of Industries, Mr. Aziz Ahmad Bilour, Secretary, Agha Nadeem, Additional Secretary and Mrs. Shaista Sohail, Joint Secretary were also present on this occasion. Whereas, from SMEDA Mr. Yousaf Naseem Khokhar, CEO, Mr. Khurram Khan, GM-Central Support and Mr. Alamgir Chaudhry, GM-Policy and Planning attended the meeting.

Senior Federal Minister, while exchanging his views with SMEDA management reiterated that the government of Pakistan was aware of the significance of SMEs for economic prosperity of the nation. He assured of the fullest cooperation in overcoming the difficulties to be faced by SMEDA in serving its basic mandate of SME development as well as successful execution of the PSDP Projects.

Responding to a question regarding operational mechanism and management structure of the PSDP Projects, the Senior Minister was informed that the PSDP projects to be executed by SMEDA were being run under Private-Public Partnership. Whereas, the procurements of these projects are strictly made in compliance with Public Procurement Regulatory Authority (PPRA) rules and regulations.

Earlier, Mr. Yousaf Naseem Khokhar, CEO SMEDA apprised the Senior Minister that SMEDA had obtained approval for 28 PSDP Projects, out of which 11 had become operational and 13 were passing through various stages of execution leaving 4 in limbo which had been approved but not provided with funds for execution.

CEO SMEDA informed that SMEDA was facing hardship in serving its original mandate of ‘SME Development’ because of recent budgetary cuts. He requested for Ministry of Industries’ intervention to overcome the budgetary constraints.