With the commitment to strengthen democratic and market reforms in Pakistan, CIPE, with the support of its partners, continues to provide tools to serve as a catalyst for institutional reform for private sector and state owned enterprises. The 2012 Activities Report highlights the impact of CIPE programs and the achievements of our partners in Pakistan.
Business associations have a very important role to play in creating a democratic society. Through our capacity-building initiatives, business associations began to take the lead in engaging in dialogues with government regulators and key political parties to advocate sternly for economic policy reform.
Since 2006, one of CIPE’s most important initiatives in Pakistan has been to improve corporate governance, working in listed and unlisted firms, state owned enterprises (SOEs), family firms, and small and medium-sized enterprises. These efforts continued this year, in particular through active participation in a Ministry of Finance task force to improve Corporate Governance in SEOs. CIPE Pakistan also worked with the Securities and Exchange Commission of Pakistan (SECP) to revise the code of Corporate Governance, which was officially launched in April 2012. Due to their political sensitivity, strengthening corporate governance for state owned enterprises has required patient efforts by CIPE and its partners to introduce a code of corporate governance for such companies.
In addition to capacity-building and policy advocacy, CIPE has worked with its partners in 2012 in areas such as economic journalism, reducing corruption, and entrepreneurship development. CIPE Pakistan also contributed in building more information and resources on CIPE’s Development Blog.
CIPE and its partners look forward to continued successes in Pakistan in 2013.
Published Date: June 03, 2013