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Shaoor Foundation launches capacity development program for SMEs

07:34 PM | 21 Dec, 2018
Shaoor Foundation launches capacity development program for SMEs
ISLAMABAD - Shaoor Foundation for Education and Awareness (SFEA) has launched a Capacity Enhancement Leadership and Linkages Development Program (CELL) for marginalized Micro SMEs of 13 districts of Pakistan.

The program, which is funded by US Embassy Islamabad, was launched through stakeholders meeting held in federal capital here the other day.

CELL for SMEs is a two-year long project focusing on developing and enhancing the capacities of SMEs, create their innovative linkages and partnership for the improved sustainable economic environment in Pakistan, says a press release issued by the SFEA.



The importance of the SME sector cannot be overemphasized. SMEs constitute nearly 90% of all the enterprises in Pakistan; employ 80% of the non-agricultural labor force; and their share in the annual GDP is 40%, approximately.

However, unlike large enterprises in the formal sector, a small and medium enterprise is constrained by financial and other resources. SFEA strongly believe that the SME sector is the backbone of any economy.

In Pakistan, where more than 60% of the population is rural-based it is very important to enhance the capacities of rural centric SMEs to help them scale and contribute to the overall economic growth.



Ammara Kazi, the Program Manager emphasized the linkages development of marginalized SMEs with the Industry and academia to enhance their potential to help them contribute to the economic development of the country.

Director Programs – Taimur Rehman briefed about SFEA’s contributions in the entrepreneurial ecosystem especially from the rural centric.

Cultural Affairs Attaché, US Embassy Islamabad – Yoon Naam Appreciated Shaoor’s efforts of enhancing entrepreneurial capacities and linkages development in rural centric.

Executive Director SFEA, Syed Ali Hameed stressed strengthening each other’s efforts made in the same direction to achieve better goals.

The representatives from SMEDA, SECP, Chamber of Commerce and Industry, Ministry of Planning and Reforms, Micro Finance Banks, Akhuwat Foundation, journalists and officials from the US Embassy attended the moot.

 

 

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 2 March 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 2, 2024 (Saturday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 2, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 27.13 27.43
Swedish Korona SEK 314.07 316.57
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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