The Technology Upgradation and Skill Development Company (TUSDEC) and the USAID Pakistan FIRMS Project have signed a memorandum of understanding (MoU) to facilitate assimilation of technology and the upgrading of important sectors in Pakistan.
Speaking on the occasion, the TUSDEC Chairman Manzar Shamim said that the MoU reflects the commitment of both the organisations to help usher in a new enabling business environment in Pakistan that would help create new jobs and increase exports.
The objective of the USAID-funded Pakistan FIRMS Project is to improve government service delivery and develop dynamic, internationally competitive firms to accelerate sales, investment, and job growth to undercut the basis of extremism. The synergies between these mandates in the fields of research, technology, market linkages, franchising, and training make this collaboration potentially catalytic in a number of sectors.
TESDEC Chief Executive Suhail Ahmed said that it was the time to combine our expertise and energies and work jointly towards accelerating private sector-led economic growth. "We aim to achieve this through more rapid adoption of market-oriented technological and other best practices," he added. Asad Zahoor, the FIRMS' Private Sector Development Component Leader, said that the MoU would help build on these synergies and both partners could leverage their respective resources for private sector enhancement.-PR
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