The Competitiveness Support Fund (CSF), a joint initiative of the United States Agency for International Development (USAID) and Ministry of Finance (MoF), is starting its work on the second 'State of Pakistan's Competitiveness Report for 2008'.
CSF, as partner institution of the World Economic Forum (WEF) in Pakistan, is working closely with the Global Competitiveness Network of the WEF on the report.
The 'State of Pakistan's Competitiveness Report 2008' will track Pakistan's performance, spotlighting the areas of progress and areas of further focus. In addition to explaining the results of the Global Competitiveness Report of 2007-2008 of the World Economic Forum and benchmarking Pakistan's progress, the report will evaluate Pakistan's progress in improving its competitiveness in 2008-09. Each of the areas of recommendations will be assessed based on tangible, measurable results.
CSF will start its interaction with the stakeholders next week. This will include all relevant ministries, leading public and private sector institutions, business councils and trade bodies along with academia and the media. CSF will be identifying the areas to improve Pakistan's competitiveness through a consultative initiative with the key stakeholders.
The report will be an important policy tool for the government's economic growth agenda and for private sector investment in Pakistan. The report will also include the action plan and timetable to improve key industries that will boost economic growth. This year, the 'State of Pakistan's Competitiveness Report' will assess the global competitiveness index of Pakistan's economy on the following pillars: 1) Institutions, 2) Infrastructure, 3) Macroeconomic stability, 4) Health and primary education, 5) Higher education and training, 6) Goods market efficiency, 7) Labour market efficiency, 8) Financial market sophistication, 9) Technological readiness, 10) market size, 11) Business sophistication, and 12) Innovation.
The first 'State of Pakistan's Competitiveness Report' was launched by Prime Minister Shaukat Aziz in March last year. CSF reported that overall Pakistan had improved its competitiveness position in the rankings of the World Economic Forum. The 'State of Pakistan's Competitiveness Report 2008' will provide a framework for capturing the magnitude of gender-based disparities.
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