A substantial amount of foreign exchange can be saved by involving local SMEs in the defense production. It was observed by Mr. Muhammd Basharat Raja, Advisor to the Prime Minister on Industries while addressing a seminar arranged by the Small and Medium Enterprises Development Authority (SMEDA)’s project; SME Subcontracting Exchange (SMX). Mr. Yousaf Naseem Khokhar, Chief Executive Officer SMEDA presented address of welcome on this occasion. Malik Zaheerul Haq, President GCCI, Mr. Nasir Khan Ghauri GM Policy and Planning Division of SMEDA and Mr. Ken, Japanese Commercial Attaché also addressed the seminar. Mr. Basharat Raja speaking as Chief Guest of seminar appreciated the efforts made by SMEDA for exploring new business opportunities for SMEs in the defense production. He was confident that the exhibition and seminar organized by SMEDA at Gujranwala shall be able to create a strong foundation in this regard. He assured to extend all possible support of government to undertake its development endeavors. Responding to the issues raised by GCCI regarding viability of the industry, replied that the energy crisis was the most priority agenda before present government. He said that multiple options were being considered to overcome the energy crisis in the country.