The Patriot

News: CSF urges private sector to participate in World Economic Forum Conference in Dalian, China
Name of the Newspaper: The Patriot
Date of publication: Tuesday, 04 September , 2007

ISLAMABAD: World Economic "orum Monday called upon the 3usiness Community to identify next generation of Global Growth Companies to bring together "New Champions" at "Summer Davos" in Dalian, China

The Competitiveness Support Fund (CSF), the partner institution of the World Economic Forum in Pakistan, along with the key private sector leaders and governinent representatives will participate in the Dalian Conference to be held on September 6-8, says a press release issued here.

CSF, a joint initiative of the Ministry of Finance and the United States Agency for International Development (USAID), has 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 DaIian, People's Republic of China. The meeting has already being 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.

By addressing key issues economic growth in Pakistan, CSF has been successful in creating partnerships between the pri vate sector leaders, government and academia to respond to the challenges and opportunities of the globalized economy. 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 SUr ,;h as willingness to delegate authority, extent of staff training, relianc :e on professional management, e" ~tent of incentive compensation, extent of regional sales, compa'flY spending on research & development, building capacit for innovation etc.

The Pakistan Busines Council (PBC) will be leading the delegation of private sector corporate leaders for this conference. Competitiveness Support Fund and PBC signed a memorandum of understanding 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.-APP