Banking sector should join hands with the government provide sufficient financial backing for availability of Alternative Energy (AE) to ensure cheaper energy resources to the small and medium size business enterprises so as to overcome energy shortage in the country.' This was the crux of the panel discussion on Best Practice Day Conference held on Wednesday. The 7th Annual conference under the flagship of Best Practice Day 2008 was organised by Sidat Hyder Morshed Associates Pvt Ltd to celebrate and recognise the tradition of sharing and learning. The lead sponsor of the conference was, English Biscuits, Zong was the associate sponsors, CNBC Electronic stood as Media Partner while Print Media Partner was Business Recorder. Major recommendations of the conference are, firstly, the government should provide subsidy on the technology of the AE. This energy is comparatively expensive, which pointed towards measures on subsidise rates for cheaper transfer of technology. Secondly, banks should be in a position to provide business loans and leasing facility for the promotion of alternative energy sources like solar, thermal and wind. Thirdly, private sector should be encouraged to provide cheaper energy sources to the business community as well as general masses. The government has to take prompt measures to adopt the AE at cheaper rates. The panel was comprised of the CEO Clean Power (Pvt) Limited, Muhammad Ahmad Riaz, Director General, Pakistan Council of Renewable Energy Technologies (PCRET), Dr Pervez Akhtar, Chief Operating Officer, Shahzad International Group of Companies, Dr Gulfaraz Ahmad, Divisional Manager, Energy Department, Hagler Bailly Pakistan (Pvt) Ltd, Manzar Naeem Qureshi, CEO Glimer Pvt Ltd, Azam Soofi and CEO Emerging Energy Systems Pvt Ltd, Kaiz Zulfikar Siddiqui. The panellists during the discussion, opined that the government and the private sector should change their mindset concerning the AE. They said, 'To promote AE we should create awareness of energy conservation to avoid the waste.' Qazi said, 'Earlier we had a haphazard approach to generate energy, as most of the amount were spent on commercial development but now the government of Pakistan is taking the matter seriously.' Corporate Best Practices are a natural part of the evolutionary process and as business evolves, so do best practices in order to meeting the demands of a highly competitive global marketplace. Hence, the development of best practices is a natural part of any economy. While these best practices are shared and documented comprehensively in other parts of the world, in Pakistan it is still far behind.