PESHAWAR - President, Tribal Area Chamber of Commerce & Industry (TACCI), Shahid-ur-Rehman has termed the Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) project, a blessing(for the SMEs of tribal area. He was addressing a ceremony of the distribution of the grant cheques worth Rs 41 million among 54 SMEs of FATA here at Tribal Area Chamber. Provincial chief, Small and Medium Enterprise Development Authority  (SMEDA) Khyber Pakhtunkhwa, Javed Iqbal Khattak and Secretary, FATA Investment Facilitation Authority (FIFA), Abid Wazir and a large number of the representatives of SMEs from FATA were also present on the occasion.

   TACCI chief lauded the services of SMEDA in promotion of business activities in both FATA and Khyber Pakhtunkhwa. He said that fund in this regard were provided by the donors.

   He said that the work on the ERKF project started in 2010 and had become functional after hectic efforts of SMEDA officials and government of Pakistan. He extended full cooperation to SMEDA in the implementation of the project.

On this occasion, Provincial Chief SMEDA, Javed Iqbal Khattak said that the objective of the function is to bring improvement in the socio-economic conditions of the people of the area. He said that the authority is ready for extending any kind of cooperation in matters relating to facilitation and bank finances besides preparation of feasibility studies for SMEs.

The SMEDA provincial chief said that the purpose of Economic Revitalization of Khyber Pakhtunkhwa and FATA is not only the revival of the terrorism and flood affected SMEs, but, providing  employment to residents of the concerend areas.

   On this occasion, Secretary FIFA, Abid Wazir appreciated the services  of SMEDA for facilitation of businesses, saying that government, chamber and authority are united for better service of  FATA people.

   He said that the ERKF has a specified procedure and asked the FATA SMEs to follow it adding those who could not get relief in present phase would be compensated in next phase of the project.