News:CSF, private sector leaders to take part in Dalian moot
Name of Newspaper: The Post
Date of Publication: Monday, 03 September, 2007
URL:http://www.thepost.com.pk/CorpNewsT.aspx?dtlid=115995&catid=8

Associated Press of Pakistan

ISLAMABAD: The Competitiveness Support Fund (CSF), the partner institution of the World Economic Forum (WEF) in Pakistan, will be participating, along with the key private sector leaders and the government representatives in the Dalian Conference from 6-8 September.

According to a statement of the CSF, the Fund, a joint initiative of the Ministry of Finance, Government of Pakistan and the United States Agency for International Development (USAID) have been instrumental in assisting the World Economic Forum in identifying the next generation of global business champions in Pakistan.

These champions, known as the Global Growth Companies, will be brought together in an unprecedented meeting in Dalian, People's Republic of China. The meeting has already been described as a "Summer Davos". Organized together with the Chinese government, the gathering will focus on the role that new and fast-emerging multinational companies are playing in fundamentally changing the global business landscape. CSF has been successful in creating partnerships between the private sector leaders, the government and academia to respond to the challenges and opportunities of the globalize 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.