ISLAMABAD: National Vocational Training and Education Commission (NAVTEC) and the Competitiveness Support Fund (CSF) will work together to improve the competitiveness of industries by developing skilled workforce in Pakistan. This was the consensus at a high level meeting between the heads of the two organizations.

The Ministry of Finance, Pakistan and the United States Agency for International Development (USAID) jointly established the Competitiveness Support Fund last year to supports Pakistan’s goal to be a more competitive economy by providing input into policy decisions, working to improve regulatory and administrative frameworks and enhancing public-private partnerships within Pakistan.

CSF has also been mandated to provide technical assistance and co-financing for initiatives related to entrepreneurship, business incubators and private-sector-led initiatives with research institutes and universities that contribute to creating a knowledge-driven economy. The Competitiveness Support Fund has carried out policy studies and action plans on the sectors that have potential and competitive advantage to grow.

NAVTEC and CSF agreed to work jointly to promote vocational training in specific sectors to build the capacity of the work force for the industrial development. The sectors agreed are the Motorcycle, Fisheries and Horticulture. NAVTEC, Executive Director, Athar Tahir greatly appreciated the CSF work for economic growth and in these sectors and said that “we are happy to work with the CSF and we will benefit from the sectoral studies of CSF, which clearly gives us perspective to design future NAVTEC’s programs accordingly.” NAVTEC and CSF have also agreed to work jointly to plan in advance the need of the skilled workforce for the new investment in the Special Economic Zones (SEZs) in future.-SANA

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