“I see a great need of vendor supply chain training providers to run the show effectively. If we want growth, train the relevant person first” — Ayesha Muharram, Chief Internal Auditor and Country Compliance Officer, Glaxo Smith Kline.
Lately it has become a requirement among multinational companies to comply with international anti-corruption laws such as U.S. Foreign Corrupt Practices Act (FCPA), U.K. Bribery Act, Canadian Corruption of Foreign Public Officials Act, Brazilian Clean Companies Act. Under these laws, multinational companies need to take appropriate actions for ensuring clean business — including making sure that all of their suppliers, vendors, and subsidiaries around the world are following the rules.
To help local companies and multinationals working in Pakistan deal with this challenge, CIPE Pakistan initiated a discussion on issues related to supply chain compliance in multinational companies. In collaboration with the Overseas Investors Chamber of Commerce & Industry, CIPE conducted a first focus group meeting of the Value Chain-Unethical Practices project. This first meeting was used to conduct a gap analysis, focusing the capacity building needs and the given standards in Pakistan.
Youth is a vital asset for every country`s progress. Pakistan has incredible youth but due to issues like shortage of funds, political unrest, and the lack of recognition and platforms to share ideas, they become helpless. According to the International Labor Organization’s recently published Global Employment Trends Report, Pakistan’s current unemployment rate of 5.17 percent will likely rise to 5.29 percent in 2014. The true unemployment rate for youth is much higher still.
The government has recently begun he process of offering special loans worth Rs. 3.7 billion ($37 million) to help and empower the country`s youth. This was the first round of applications for the Business Youth Loan Programme which the premier announced last year.
What will the benefits of this program be? The question has no answer at this time because under the present strict conditions of screening and filing the loan application, young people are disappointed and reluctant to apply. 38,000 applications have been filed across the country: 28,000 from Punjab, 600 from Islamabad, 3,500 from Khyber Pakhtunkhwa, 100 from Gilgit Baltistan, 500 from Azad Kashmir, and 3,000 from Sindh. Out of these 38,000 applications, only 6,217 (16 percent) were approved for balloting and 5,399 applicants found their names in balloting.
Attention Bloggers: Don’t forget about CIPE’s 2013 Blog Competition! The deadline for submission is December 2!
The Internet has reshaped the way the world does business, creating new opportunities for entrepreneurs and new modes for participating in the democratic process. As part of its celebration for Global Entrepreneurship Week, CIPE Pakistan recently held a blogging training session for University of Karachi students in the department of Mass Communication. The aim of the session was to give young bloggers the skills they need to become more effective citizen journalists, understanding complex issues and writing substantive content on political, economic, business and social issues in Pakistan.
CIPE was also seeking to encourage these students to take a more entrepreneurial approach toward building their own careers. As CIPE Pakistan Country Director Moin Fudda told the participants, Pakistan faces a range of challenges, including energy shortages, unstable security, and poor governance; but the biggest challenge might be the growing population coupled with high unemployment.
As Fudda pointed out, each year more young people enter the job market, but face a lack of professional opportunities. Against this backdrop, sessions such as these can help give students new ideas about how their hard work can open new career paths that could help them earn a living. Further, as Fudda pointed out, blogging on issues facing Pakistan will help ensure that young people are active and concerned citizens, who will eventually be ready to take leadership roles in the country.