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Friday December 03, 2021

‘Innovative economy essential for sustainable productivity’

July 15, 2021

Islamabad : Chief Executive Officer (CEO) National Productivity Organisation (NPO) Muhammad Alamgir Chaudhry on Wednesday said use of modern innovative techniques and technology in different sectors of the country’s economy was essential for promotion of sustainable productivity.

The CEO said there was a need for awareness on productivity in Pakistan at all levels, including industry, agriculture, academia and the general public.

He made these remarks while addressing a seminar titled National Productivity Movement here at National Press Club (NPC), Islamabad.

The NPO has decided to launch the National Productivity Movement for a cross-sector awareness drive nationwide.

He said realizing sustainable productivity as an important factor for achieving competitiveness and target GDP growth, the Ministry has emphasised to launch a comprehensive productivity movement as successfully done in the other developed countries like Singapore, South Korea, Japan and Malaysia.

The nations that have worked in the recent past have improved their productivity standards at different sectors, including Malaysia, South Korea, Japan and Singapore, he said adding, today have economies that are competitive with the outside world and have the status of emerging economies at the regional and global levels.

The mainstay of the economic development of these countries has been on their productive workforce, adding these countries are exporting the skills of their productive workforce.

He informed that the main stages and objectives of the productivity movement were to create awareness, productivity design and development stage, implementation level and finally continuous improvement.

At present, various sectors of the national economy are suffering from lack of competitiveness and inefficiency due to productivity issues, where We need to improve in inputs.

He said due to productivity issues, Pakistan has lost competitiveness in the global market and now the government was working on a medium and long term plan for its improvement.

He said that through this awareness campaign NPO would engage national and international productivity experts, who might help and guide in design and development of activities to be launched during awareness campaigns.