A memorandum of understanding (MoU) has been signed between Ghulam Ishaq Khan (GIK) Institute of Engineering Sciences and Technology and Peshawar Chamber for Small Traders & Small Industry (PCSTSI). This officially states to pursue the mutual interest to search, develop and evaluate technology and analytically based solutions to the problems faced by the business community. This, more specifically, will focus on industries in the region, especially the SME sector. The president, PCSTSI, Mohammad Adnan Jalil, explaining the details of the memorandum, said that both parties shall cooperate in offering training to business representatives of SME sector in KP. It will provide solutions to need based requests by business representatives of SME sector in Khyber Pakhtunkhwa. This will not only enhance the business process but will make it cost effective and efficient. GIKI and PCSTSI shall also cooperate by joining hands with the government or international donors that may serve a great deal of benefit to SME sector. For the implementation of activities in a systematic manner, President PCSTSI, Mohammad Adnan Jalil has been nominated as focal person.