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Pakistan takes broad Initiative to increase Competitiveness

Pakistan visits TCI At The Competitiveness Institute's eighth Annual Global Conference in Hong Kong the Pakistan Minister of State for Finance, Omar Ayub Khan, in his keynote address announced that the Government of Pakistan has undertaken major initiative towards improving the competitiveness of its economy by establishing a Competitiveness Support Fund and projecting the creation of an a national Innovation and Competitiveness Council. The Council will use the Competitiveness Support Fund, financed by the Government of Pakistan together with United States Agency for International Development USAID, as a platform to upgrade the Pakistani industry. The fund is tailored to meet Pakistan's needs and based on international best practices of successful existing funds operating in countries like India, Thailand, Turkey, Ireland and Finland.

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