ISLAMABAD - The National Productivity Organization (NPO) has signed an MoU with the Mishal Pakistan to help improve country’s economic competitiveness in the world. The Mishal, a country partner institute of the Center for Global Competitiveness and Performance at the WEF, is working closely with key institutions in Pakistan on identifying the gaps and opportunities on improving competitiveness issues for long term economic growth, said a statement here.

According to the memorandum of understanding (MoU), the Mishal and the NPO will work together to develop initiatives for improving Pakistan’s ranking on the Global Competitiveness Index of the World Economic Forum.

It was also agreed that the NPO would assist the Mishal to conduct the annual Executive Opinion Survey of the World Economic Forum to measure Pakistan’s ranking on World Economic Forum’s various indicators on competitiveness.

Both the organizations have also agreed to jointly execute activities to develop initiatives for measuring Pakistan’s competitiveness and improving its ranking. Speaking on the occasion, Khawaja Muhammad Yousuf, Chief Executive Officer of NPO, highlighted that “Pakistan ranks 124 among a total of 144 countries and there is a need to synergize country’s resources, both technically and physically to uplift our industry with special focus towards competitiveness and productivity”. He hoped that the NPO and the Mishal together would play a unique role through various special initiatives, including research on productivity to improve Pakistan’s ranking.

He said that, “the NPO will assist the Mishal Pakistan in developing the annual Pakistan’s State of Competitiveness Report”.