Productivity led economic growth in Pakistan stressed

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In the Economic Productivity workshop, the speaker on Wednesday stressed on productivity led economic growth in Pakistan and said that there is a need to increase productivity in the country’s industrial sector.

The speakers said that research and development, technology and skilled and innovated manpower are extremely important to increase economic productivity.

The workshop on theme of ,” APO Vision 2025, Inclusive , Inovatio – Led Productivity Growth in the Asia- Pacific“ Co- Organized by National Productivity Organization (NPO), Ministry of Industries and Production and Asian Productivity Organization (APO) Tokyo Japan here.

They said that Current Account Deficit in Pakistan is difficult to resolve without increasing export and foreign investment and to bring export and foreign investment, it is necessary to bring productivity in the country’s industrial sector.

Speaking on the occasion Senior Vice President Islamabad Chamber of Commerce and Industry (ICCI) Faad Waheed Sheikh said that technology and manpower can play an important role in the productivity of the country. He said that currently NPO has a very important role to increase productivity in Pakistan.

He said that cooperation between NPO and ICCI is very important in terms of productivity in Pakistan at this time.

He further said that no sector of the country develops without innovation. Sheikh said that USA is an innovative country which has ruled the world on the basis of innovation.
There is a need to extend information technology to more sectors in the country, which can increase productivity in the country.

Faad Waheed said that smart ideas are needed in the country, which will enhance economic productivity and increase economic opportunities.

Automation of public and private sector in the country is necessary for economic productivity and innovation.