CORPORATE SOCIAL RESPONSIBILITY IN PAKISTAN: ITS STATUS AND WAYS FORWARD
Mushtaque Ali Jariko
Ashique Ali Jhatial
University of Sindh, Jamshoro
Most developing nations including Pakistan employ Corporate Social Responsibility (CSR) philanthropically which only expands a fraction of the CSR landscape. The philanthropic CSR activities include providing medicines to hospitals; giving scholarships to students; providing the relief funds during natural catastrophes; and contributing in community development programs. The present study investigates how United Nations’ Global Compact (UNGC) principles have been employed in developing countries including in a Pakistani context. It also presents a number of other CSR approaches and shows how these approaches can help companies to renew their current CSR activities. The study constructs a roadmap for implementing CSR in publicly-owned and private companies in Pakistan. A roadmap of CSR if adopted by public and private companies in Pakistan can be a breakthrough in the field of CSR, as they can have both financial and social benefits.
Keywords: Corporate social responsibility developing countries, roadmap, publically-owned companies, private companies, societal problems, Pakistan