[{"bbox": [96, 152, 1132, 206], "category": "Text", "text": "like management or substitution of hazardous chemicals, reduction of air and water pollution or promotion of workers health may contribute to reducing the risk of accidents and diseases."}, {"bbox": [96, 231, 409, 255], "category": "Section-header", "text": "**Other considerations if relevant**"}, {"bbox": [96, 258, 1132, 415], "category": "Text", "text": "The promotion of digital solutions and technologies will be promoted where appropriate, as a pivotal aspect to support the circular transition. The Action will work based on existing solutions, e.g. for digital traceability or digital platforms for trade, in which sellers are pre-screened for compliance with relevant requirements. Existing products and services can be used and adapted to the local context, preferably in collaboration with local actors (e.g. companies, research institutes, universities, service providers) to build-up know-how and capacities within Pakistan."}, {"bbox": [85, 458, 422, 486], "category": "Section-header", "text": "## 3.4 Risks and Lessons Learnt"}, {"bbox": [82, 500, 1167, 1627], "category": "Table", "text": "<table><thead><tr><td>Category</td><td>Risks</td><td>Likelihood (High/ Medium/ Low)</td><td>Impact (High/ Medium/ Low)</td><td>Mitigating measures</td></tr></thead><tbody><tr><td>External risk</td><td>Macro-economic instability</td><td>Medium</td><td>High</td><td>Financial and productive support to SMEs will strengthen their capabilities to face macro-economic instabilities while their inclusion into wider value chains and market can counter-balance twin deficit in the country.</td></tr><tr><td>External risk</td><td>Weak business/ institutional framework</td><td>High</td><td>Medium</td><td>Public private dialogues will aim to ensure strengthening of communication between the public and private sector, allowing for regulatory frameworks to be better adapted to the needs of the private sector and accountability of the public sector. It will also help improve the trust deficit existing between public and private sector.</td></tr><tr><td>Internal risk</td><td>Trust deficit between public and private sector</td><td>Medium</td><td>Medium</td><td>Although trust deficit is an ongoing issue in Pakistan and can potentially have a high impact in private sector development, the development of public private dialogues foreseen to be supported by the action explicitly aims to reduce this deficit seeking to develop common plans and share responsibilities in the targeted sectors for the development of exporting SMEs and the industrial sector.</td></tr><tr><td>External risk</td><td>Poor Governance and corruption</td><td>Medium</td><td>Medium</td><td>Risk mitigated by strengthening institutions and accountability through capacity development, data creation, digitisation and reporting and monitoring; the use of the public sector –private sector dialogue is also a possible mitigating</td></tr></tbody></table>"}, {"bbox": [1026, 1681, 1141, 1705], "category": "Page-footer", "text": "Page 15 of 31"}]