Building Capabilities for Sustainable Growth

Building capabilities is one of the key drivers for sustainable economic growth and development. It requires sufficient investment in various sectors  such as Information  and Communication Technology (ICT), Youth and Skill Development, Science and Technology, Higher  Education and Institutional Reforms and Governance..

Pakistan direly needs to improve  its productivity  growth,  increase  the skill levels of its  workforce and consequently  move toward better  living standard for its people. These multifarious challenges could only be addressed by  widespread adoption of technology.

According to the experts, the federal government was committed  to supporting development of  knowledge economy based on three main vehicles,; access, equality and  relevance  to economy development. Although access to higher education has increased, yet Pakistan was lagging behind  comparable countries in this respect. The other two objectives, namely  quality and relevance also needed significant  improvement. Governance referred to the process and structures that were designed to ensure rule of law, accountability, transparency, responsiveness, stability, equity and inclusiveness, empowerment and broad-based participation. The incumbent federal government  was quite obviously cognizant  of the  importance of  improving  governance  as a key enabler of effective service deliver, successful  outcome of various public policies and programmes that were critical  for sustainable  economic growth and development of the country.