KARACHI, Aug 20: The USAID-funded Competitiveness Support Fund (CSF) and Pakistan Business Council (PBC) signed a memorandum of understanding (MoU) to identify public policy initiatives to improve competitiveness of Pakistani businesses.

Witnessed by US Consul General in Karachi, Kay L. Anske, the MoU was signed by Chief Executive Officer of the Competitiveness Support Fund Arthur Bayhan and Chairman PBC Abdul Razzaq Dawood.

“This partnership will ensure that Pakistan is better poised to not only understand the needs of the global market, but also meet them head on with a highly skilled and well-trained workforce,” said Kay Anske while speaking on the occasion.

According to the MoU, CSF and PBC will 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. The PBC will help CSF in achieving its objective of supporting Pakistan’s goal of a more competitive economy by providing input into policy decisions, working to improve regulatory and administrative frameworks and enhancing public-private partnership within the country, says a press release.