LAHORE - Both the public and the private sectors need to work closely to combat ongoing economic crisis and to cope with the challenge of poverty in Pakistan. This was the nutshell of the speeches delivered at a seminar on Public Private Partnership held in collaboration with Planning Commission of Pakistan here at the Lahore Chamber of Commerce and Industry on Friday. Provincial Finance Minister Tanvir Ashraf Kaira was the Chief Guest while LCCI President Mian Muzaffar Ali, Senior Vice President Tahir Javaid Malik and Executive Director Infrastructure Unit Planning Commission Lt General (Retd) Muhammad Zubair also threw light on the importance of Public-Private Partnership. The Provincial Finance Minister Tanvir Ashraf Kaira has said that the government has decided to undertake comprehensive sector-specific reforms to encourage private sector investment and attract private sector management skills in infrastructure. Speaking on the occasion, the LCCI President Mian Muzaffar Ali said that both the government and the private sectors would have to establish their credibility to the required and desired levels for the real success of the public-private partnership. He said that dialogue between business, government and civil society are of utmost importance as the absence of proper consultation among the three was one of the reasons hindering the progress and the prosperity. Mian Muzaffar Ali said that the achieve the goal o economic growth, there is a nee to strengthen Public-Private Partnership. "In this way, both the two partners- public and private, combined together can guarantee real progress and prosperity in a country." The LCCI Senior Vice President Tahir Javaid Malik, speaking on the occasion, urged the government to ensure more and more participation in all public sector development projects to ensure their execution in a transparent manner. He said that Public-Private Partnership had been recognized as an essential mode of service delivery in physical and social infrastructure. Both the developing and developed countries were fast adapting to Public-Private Partnership and Pakistan also needs to work on the methodology for efficient development of infrastructure. The Executive Director, Infrastructure Management Unit, Planning Commission, Lt General (Retd) Muhammad Zubair, said that sustainable partnership between public and private sectors was the only to cope with the challenge of poverty. To create a win-win situation, both the sectors would have to play their respective roles collectively.