News: CSF to participate in Dalian moot from September 6
Name of NewsPaper: Business Recorder
Date of Publication: :Sunday, 02 September, 2007
URL:http://www.brecorder.com/index.php?id=616934&currPageNo=1&query=
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RECORDER REPORT
ISLAMABAD (September 02 2007): The Competitiveness Support Fund (CSF), the World Economic Forum partner in Pakistan, will participate with key private sector leaders and government representatives in Dalian conference, China, scheduled for September 6-8.

The meeting has been described as "summer Davos", organised jointly with the Chinese government. The participants will focus on the role that new and fast-emerging multinational companies are playing in fundamentally changing the global business landscape.

By addressing key issues hindering economic growth in Pakistan, the CSF has been successful in creating partnerships between the private sector leaders, the government and the academia to respond to the challenges and opportunities of the global economy.

The CSF has partnered with the Pakistan Business Council (PBC) and its members to create awareness on taking initiatives improving weaknesses of the private sector in Pakistan such as willingness to delegate authority, extent of staff training, reliance on professional management, extent of incentive compensation, extent of regional sales, company spending on research and development, building capacity for innovation.

The PBC will lead the delegation of private sector corporate leaders for this conference. The CSF and the PBC had signed a memorandum of understanding (MoU) in August 2007 to undertake joint initiatives in engaging the government, research institutes, academia and the private sector in developing evidence-based advice on changes in legislation relating to public policy initiatives.

The PBC will also help the CSF in achieving its objective of supporting Pakistan's goal of a more competitive economy by providing input into policy decisions, working to improve regulatory and administrative frameworks and enhancing public-private partnerships within the country.

The World Economic Forum has established a selection committee of CEOs from existing member companies to help identify global growth companies. In order to get the broadest selection, which will capture the world-wide and multi-sectoral nature of these emerging multinationals, the Forum is also asking a broader business audience for help in identifying relevant companies. The CSF has identified the key companies in Pakistan, which have the potential to become global growth companies.