PARC & CSF sign MoU to develop knowledge-based agribusiness

16 Dec '06

2 min read

Pakistan Agriculture Research Council (PARC) signed here a Memorandum of Understanding (MoU) with the Competitiveness Support Fund (CSF) -- a joint initiative of the Ministry of Finance and the U.S. Agency for International Development (USAID) -- to work together for promoting knowledge-based agribusiness development and long-term growth in Pakistan's agriculture sector.

Speaking on the occasion, State Minister for Finance and Chairman of CSF, Omar Ayub Khan said the main purpose of this initiative was to build linkages between business and research in the country.

"Such linkages will spark the kind of information sharing that makes business more dynamic and supports the commercialization of innovations developed at our research institutions," he added.

According to the MoU, Pakistan Agriculture Research Council (PARC) and CSF will undertake joint review of various research projects of PARC with a view to identify research areas for commercial benefits, in consultation with the government, private sector, researchers and academia in the agriculture sector.

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The Competitiveness Support Fund is based on international best practices (India, Thailand, Turkey, Ireland, Finland etc.) to strengthen and make the private sector more competitive and to improve the policy framework needed for innovation-based competitiveness.

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