ISLAMABAD, Dec 14 (APP): Small and Medium Enterprise Development Authority (SMEDA) will open its regional offices in Gilgit Baltistan, Azad Kashmir and Federally Administrative Tribal Areas (FATA) in order to extend its out reach to under served areas of the country.
An official in the Ministry of Industries and Production told APP here on Monday that SMEDA board had also approved the establishment of these regional offices to exploit potential of small and medium enterprises as well as creating self employment opportunities by facilitating the people of these areas.
He said that the initiative would help to facilitate people of these areas for establishing their own small and medium business as these areas had huge potential of investment in livestock, dairy development and poultry sectors.
He said that SMEDA had had a pivotal role to play for promoting small businesses and enterprises across the country adding that new members were also inducted in the board to further streamline its operations.
He said that during the 15th meeting of Board of SMEDA, it had expressed hope that new member would play their effective role in the best interest of the nation and economic development.
SMEDA authorities, he said were also directed to expend their presence throughout the country, especially in the un-served and under-developed areas of the country to encourage and facilitate the educated youth to start their own businesses.
Self employment was best solution to unemployment problem and SMEDA was playing a vital role toward achieving this goal by enhancing its out reach and operations, he remarked.
The SMEDA Board, he said was also providing pre-feasibilities and facilitation to people on Prime Minister Youth Business Loan Scheme and had provided 85 pre- feasibility on its website that were downloaded by 14 million visitors.