’Public-private dialogue termed must for market-friendly policies’

June 13, 2015 Off By Web Desk

LAHORE:,,, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Chairman on Horticulture & Agriculture Produce, Ahmad Jawad, said that public-private dialogue (PPD) is a structured, participatory and inclusive approach to policymaking. It is directed at reforming governance and the business climate, especially where other policy institutions are underperforming.

Addressing a workshop, he said dialogue improves the flow of information relating to economic policy and builds legitimacy into the policy process. It also seeks to overcome impediments to transparency and accommodate greater inclusion of stakeholders in decision-making Though increasing number of policy and governance challenges around the world demand private sector participation in order to generate viable solutions”.

Jawad said Public-private dialogue creates a foundation for market-friendly policies that deepen economic reform and enhance national competitiveness

Similarly for the transformation of agriculture sector which is not up to desired standard yet, despite the fact that 21pc of GDP comes from this sector also needs PPD dialogue.

He said that we also suggested the Pakistan Institute of Development Economics (PIDE), that public-private dialogue should be initiated for devising effective agriculture policy through the collaboration of FPCCI We must realise that agriculture has direct and indirect role in country’s economy.

Policy-makers should look into country’s agriculture with its allied sectors as an engine of growth, where a lot of opportunities are existing as for as export point of view, he added.

We need to understand that economic renaissance in Pakistan is totally dependent on agriculture growth and as such Pakistan urgently needs an agricultural infrastructure to improve the balance of trade and put the economy back on the track. Still Pakistan horticulture sector is contributing only 0.3pc in global exports due to lack of infrastructure and R&D issues which may be increased through effective dialogue; he added.