Jan 10 - 16, 2005 
ISSUE # 02 

The booming cement sector having a production capacity of 18 million tons per annum is about to hit the level of 22 million tons shortly while it has a target of reaching the production level of 28 million tons a year by the year 2008. The cement industry features as a leading corporate sector as the growth demand within the country as well in the region is likely to give it the status of the most vibrant sector of the economy in Pakistan. The on-going reconstruction process in Afghanistan and now in the aftermath of tsunami, the demand for cement is likely to touch its peak with start of reconstruction process in Sri Lanka, Indonesia, Thailand and Malaysia.



The convention of Task Force for SME Development was held in Lahore at SMEDA office on November 21, 2004. Senior bankers and finance experts including the famous banker Mr. Shoukat Tarin, who is also a president of Union Bank, attended the meeting. They emphasized to encourage and incorporate venture capital fund for SMEs in Pakistan.
It is an attempt to give a brief introduction of venture capital investment and give some suggestions in connection with the possibility of venture capital for SMEs in Pakistan.

A grand finale indeed! KSE-100 index closed 2004 at the year's peak (and all time high) of 6,218, up 39% YoY (34% US dollar adjusted). The dream run that started post 9/11, continues, with the benchmark index up 312% since start of 2001. 2004 has been an eventful year for Pakistan, be it domestic politics, local economy or foreign policy initiatives.