A seminar on SMEs Management in Asia and South Asia was organised on May 13, 2014 to shed light on the expanding SME sector, its issues and what needs to be done for improvement of this sector in Pakistan. Dr. Christoph H. Loch, Director, Judge Business School, University of Cambridge was the keynote speaker at the event. He discussed the management of SMEs in the regional and western countries in detail, outlining their challenges, struggles and efforts targeted towards acquiring business stability and growth and also suggested a workable model.
Dr. Loch’s speech was followed by a research presentation made by Dr. Faheem Ul Islam, Associate Professor of Competitiveness and Strategy and Associate Dean, KSBL, on “Institutional Support Structures for SMEs and International Best Practices”. The presentation focused on the Pakistani small-scale enterprises and contained best practices that companies can adopt for expansion.
Nevertheless, a panel discussion on “Trends, Opportunities and Challenges of Local SMEs” was the highlight of the event. It was moderated by Dr. Jawaid Ghani, Professor of Strategy and Marketing Research & Director Executive MBA, KSBL and comprised of renowned CEOs, Heads and Advisors as panelists. Mr. Samad Dawood, CEO, Cyan, Mr. Javed Iqbal, Head of SMEs, Bank Alfalah Limited and Mr. Ateeq Ur Rehman, Advisor, Karachi Chamber of Commerce were the honourable panelists, who highlighted that SMEs in Pakistan require financial support as well as sound administrative, marketing and management skills to progress.
Mr. Javed Iqbal spoke about the SMEs toolkit launched by Bank Alfalah, which contains useful information and learning about business plans, processes and procedures for small-scale business to implement while Mr. Ateeq Ur Rehman emphasised on solutions of problems that occur on ground for SMEs. Mr. Samad Dawood elaborated how private investment companies are supporting the SME sector in Pakistan. He also highlighted bridging the gap between SMEs and the organizations who have the ability and are willing to help them.
The seminar was well attended by various corporate executives from diversified industries. The audience enjoyed the discussions thoroughly and asked all speakers a number of questions, which made the session interactive, learning, rich, informative and very valuable.
KSBL also published a supplement in national dailies on May 13, 2014 which was supported by the National Bank of Pakistan and Shan Foods. KSBL is highly obliged to its sponsors for their support in highlighting the issues of the SME sector and discussing the possible solutions for their better management in Pakistan.
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