SME Corp, SMEDA Sign MoU To Boost SMEs In Malaysia And Pakistan

KUALA LUMPUR, Oct 8 (Bernama) -- SME Corporation Malaysia (SME Corp) and the Small and Medium Enterprise Development Authority (SMEDA) Pakistan have signed a Memorandum of Understanding (MoU) to collaborate on knowledge sharing and best practices, focusing on digitalisation, sustainability and market access.

The partnership aims to create a more conducive environment that enhances the competitiveness of SMEs in both countries, enabling them to make significant contributions to economic growth, according to a statement by SME Corp today.

“With Pakistan’s large, youthful population, ongoing urbanisation and infrastructure development, demand is rising in sectors such as halal food and beverages, consumer products, agro-processing, modest wear and clean technology,” the statement said.

SME Corp also highlighted Malaysia’s strengths in halal certification and digital innovation, which provide SMEs with a competitive edge in offering premium products and services.

The MoU was signed by SME Corp chief executive officer Rizal Nainy and Special Assistant to the Prime Minister of Pakistan on Foreign Affairs Syed Tariq Fatemi, witnessed by Prime Minister Datuk Seri Anwar Ibrahim and his Pakistani counterpart Muhammad Shehbaz Sharif in Putrajaya on Monday.

-- BERNAMA