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by admin on Jul.25, 2007, under Export Import, Products
LAHORE: The Small and Medium Enterprise Development Authority (SMEDA) has formulated a strategy to boost the export of furniture from $15 million to $1 billion by the year 2015, said Chief Executive Officer of SMEDA Shahid Rashid while addressing a press briefing on Monday.
He said SMEDA would also start a project called ‘Furniture Pakistan’, a public-private sector partnership entity dedicated to the development of the furniture industry. He said keeping in view the potential of growth, furniture sector was selected to be a part of the project and task was assigned to prepare a comprehensive strategy for the development of the sector. As part of this effort, a private led Strategy Working Group (SWOG) including major stakeholders of furniture sector from all major furniture clusters of Pakistan was formed. He said that by 2015, the wooden furniture exports would touch $1 billion.
“Though it is an ambitious target but it is achievable only by making optimum use of all craftsmanship possessed by Pakistani furniture makers,†he said. He said ministry of industries has approved an amount of Rs 590 million for the establishment of the SWOG. He said SWOG would establish two furniture-training centres at Peshawar and Chiniot. SWOG Chairman Shahbaz Aslam said the company would try its best to improve the share of Pakistan in International market. staff report
Source: dailytimes.com.pk