Sania Nishtar Chairs Final Meeting on Ehsaas Private Sector Engagement Policy

NationalSania Nishtar Chairs Final Meeting on Ehsaas Private Sector Engagement Policy

ISLAMABAD, Pakistan: The Prime Minister’s Special Assistant on Social Protection and Poverty Alleviation Dr. Sania Nishtar chaired the final meeting on the upcoming Ehsaas Private Sector Engagement Policy (EPSEP) at the Poverty Alleviation and Social Safety Division (PASSD) in Islamabad on Wednesday.

The objective of the EPSEP is to engage and facilitate non-government stakeholders to leverage their technical, financial, entrepreneurship and outreach support to amplify impact of Ehsaas.

   

The policy highlights the types of support, the engagement model for each type of support, and the safeguards put in place to address risks of partnerships that may form under the agreement.

The EPSEP is applicable to five groups including private sector organizations (PSOs), non-government organizations, foundations, academia, and individuals.

The policy covers the engagement process, governance, and monitoring and evaluation mechanism for different engagement types.

Over time, Ehsaas expects that the implementation of this policy and creation of partnerships with private sector will diversify Ehsaas’ partner base. Pakistan scores very high in philanthropic giving.

According to ‘10th Edition of World Giving Index (WGI)’ report published in October 2019 by Charities Aid Foundation, Pakistan has been ranked as the 91st most generous country out of 144 nations.

Estimates reveal that more than Rs 300 billion is channeled to welfare, annually. However, up until now, the government and welfare organizations have worked in silos.

The private sector involvement and engagement in development agenda of Pakistan, is of significance and much can be achieved through complimenting and supplementing each other’s poverty reduction and social protection agenda.

“Ehsaas envisages nine kind of interactions and engagement with the private sector- contractual engagement according to PPRA rules; mobilizing the private sector through Solution Challenge approach; private sector participation in technical committees; role of private sector in infrastructure public private partnerships; true public-private partnerships where the private sector contributes resources; harnessing technical input of volunteer arrangements; soliciting financial contributions; receiving in-kind contributions; and engagement through corporate social responsibility initiatives”, Dr. Sania said in a press statement.

Alongside, a pledge to Ehsaas process is also being devised where private sector will be able to make commitments. These commitments will have to be aligned with one or more of the seven goals of Ehsaas in terms of the criteria of a commitment; action steps of a commitment should be clearly defined in terms of solution, outcome, timeframe, and desired impact; commitment should have qualitative and quantitative goals that can be monitored and tracked over a period of time; commitment should be economically and technically viable, with additional credibility if it is a proven intervention; and commitment will be assessed for long-term viability while maintaining the product/service quality and delivery.

“Ensuring integrity and transparency, the EPSEP is premised on effective conflict-of-interest management”, said Dr. Sania.

Must read

Recent News

Interbank Dollar Rate Today in Pakistan – 24 June 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 24,...

Aurangzeb lauds FBR’s efforts for broadening tax base, bringing retailers in tax net

0
ISLAMABAD, Pakistan: A delegation of Pakistan Business Council (PBC) led by the Chairman PBC Shabbir Diwan met the Federal Minister for Finance and Revenue...
glycolic acid benefits

Glycolic Acid Benefits for Skin, Face, Hair, Body, and More

0
Glycolic Acid is rising in the skincare and hygiene routine as a power product and all for the right reasons. There are numerous benefits...
Marriyum Aurangzeb pays rich tribute to Benazir Bhutto

Women in Diplomacy Day: Ishaq Dar pays tribute to Pakistani women

0
ISLAMABAD, Pakistan: The Deputy Prime Minister and Foreign Minister Ishaq Dar has paid rich tribute to Pakistani women who have made tremendous contributions in...

USD to PKR: USD Dollar Rate in Pakistan Today – 24 June 2024

0
The US Dollar (USD) was being bought and sold at Rs 277.7 and Rs 280.6 in the Open Market against the Pakistani Rupee (PKR)...
Advertisement