Staff Report
ISLAMABAD: The United States Agency for International Development (USAID) here on Thursday celebrated the World Micro, Small and Medium Enterprises (WMSME) day through an event.
The event’s focus was to recognize the vital role small and medium enterprises play not only in Pakistan’s economy, but in economies around the world.
Globally, small and medium enterprises constitute about 90 percent of the entire business sector, and they generate livelihoods for more than 50 percent of the workforce.
They also foster innovation and creativity through their business ideas and initiatives.
While talking at the event, Deputy Mission Director USAID Pakistan David Young mentioned that USAID’s Small and Medium Enterprise Activity (SMEA) is a dedicated effort to support small and medium enterprise-led growth in Pakistan. In the last five years, SMEA has awarded innovation and scale-up grants, implemented business development activities, and increased access to market and technical training for Pakistani small and medium enterprises.
Senators Taj Haider, Quratul Ain Murri, Muhammad Humayun Mohmand, and Gurdeep Singh, along with Senate Secretariat Joint Secretary, Rabia Anwar and other officials attended the meeting.
