Karachi - Senior Vice President at Karachi Chamber of Commerce and Industry Talat Mahmood, while speaking at the PSI introductory presentation by Royal Netherlands Embassy, said, Entrepreneurs should come forward and make use of the excellent offer by Netherlands in the form of Private sector Investments (PSI), while we are standing at a juncture when the country confronts numerous international and internal challenges. Flood calamity has hit the economy, a major setback with the loss of communication infrastructure. This goodwill gesture from Netherlands is really a welcoming sign and we must appreciate your interest in us. The SMEs are the backbone of economy and the offer of Netherlands is hailed and KCCI would like to circulate details of PSI to its members and suggest businessmen to make use of this excellent opportunity, said Junaid Esmail Makda at the occasion. Project Adviser Paul Schoenmakers elaborated on PSI that it offer up to 60 percent funding to Pakistani projects (SMEs) having a maximum cost of 1.5 million Euros. This funding is aimed at alleviating poverty and strengthening private sector investment with an annual budget of 70 million Euros. Available under 40-60 arrangements, is subject to evaluation by the Dutch government officials. Another mandatory requirement is selecting a foreign partner, which would also result in knowledge transfer and attaining technical expertise. The funds are released during the project, after achieving predefined results. The evaluation criteria include partners expertise, organisational capacity and financial strength. Fulfilment of Corporate Social Responsibility, knowledge transfer and its spin off effects are few things that are a necessary part of evaluation criteria. Under this programme, one project in sports wear in Pakistan has already been completed; three projects in Chemical Industry and Dairy sector are in progress while another three are under consideration.